Examlex
Economists use _____ as a model to explain how savers and borrowers come together to determine the equilibrium rate of interest.
Analytic Thought
The process of using logic and critical reasoning to break down complex problems or ideas.
Hypothetical-Deductive Thinking
A form of reasoning which involves developing hypotheses based on what might logically occur, followed by deducing logical, testable inferences, primarily seen in scientific and mathematical problem-solving, characteristic of formal operational thought in adolescence.
Deductive Reasoning
The logical process of reasoning from one or more statements (premises) to reach a logically certain conclusion, moving from generalities to specific instances.
Intuitive Thought
A cognitive process that relies on immediate, instinctive judgements rather than rational analysis.
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