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How Did Classical Economists Think That the Self-Correcting Mechanism Worked

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Essay

How did classical economists think that the self-correcting mechanism worked to get the economy out of a recession?


Definitions:

Rapid Eye Movement Sleep

A stage of sleep characterized by random rapid movement of the eyes, low muscle tone, and the propensity to dream vividly.

Dreaming

A series of thoughts, images, and sensations occurring in a person's mind during sleep, often associated with rapid eye movement (REM) phases.

Amplitude

The peak value of a wave or signal which represents its maximum intensity or overall change.

EEG

Electroencephalography, a method used to record the electrical activity of the brain, often through electrodes placed on the scalp.

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