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New Classical Economists Contend That Both the Short-Run and Long-Run

question 59

True/False

New classical economists contend that both the short-run and long-run aggregate supply curves are vertical.


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The preexisting perceptions or assumptions held by an individual before being exposed to new information or experiences.

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Judgments are cognitive processes involving evaluation or estimation of something or someone, often influenced by personal experience, knowledge, and values.

Overconfidence

A cognitive bias characterized by an individual's belief that they are more accurate or capable than reality supports.

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