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A decline in the real interest rate will
Representativeness Heuristic
A cognitive shortcut in which individuals judge the probability of an event based on how closely it resembles a typical case, often leading to biases in decision-making.
Stereotypes
Oversimplified generalizations about a group of people that do not take individual differences into account.
Crisis
A critical or precarious situation that requires immediate attention and action to prevent or mitigate damage or disaster.
Disaster
A sudden, catastrophic event causing significant damage, disruption, and potentially loss of life.
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