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What Is a Giffen Good

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What is a Giffen good?


Definitions:

Optimism

A mindset that tends to expect positive outcomes and focuses on the best possible future.

Mental Health

A level of psychological well-being, or an absence of mental illness.

Physical Health

The overall condition of an individual's body, including the absence of disease and the state of physical fitness.

Negative Reinforcement

The strengthening of a response (increases in frequency) because it is followed by the removal of a (presumably) unpleasant stimulus.

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