Examlex
If monetary policymakers do not change their inflation target and aggregate demand shifts left:
Constant Minimum
The smallest or least value that remains unchanged in a given situation or mathematical function.
Intensity
The degree of strength, force, or energy in a given phenomenon or activity, often used to describe sensations, emotions, or physical exertions.
Perceptual Set
A tendency to perceive or notice some aspects of the available sensory data and ignore others, influenced by expectations, culture, emotions, and other psychological factors.
Top-Down
Top-Down processing refers to a cognitive approach where perception starts with the formulation of a high-level concept, and then works down to the finer details.
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