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Pessimism
Suppose the economy is in long-run equilibrium. Then because of corporate scandal, international tensions, and loss of confidence in policymakers, people become pessimistic regarding the future and retain that level of pessimism for some time.
-Refer to Optimism.In the long run,the change in price expectations created by optimism shifts
Proposition
A statement that expresses a concept that can either be true or false.
Converse
In logic, the condition obtained by swapping the hypothesis and conclusion of a conditional statement.
Propositions
Proclamations or claims that articulate an evaluation or belief, which may be true or untrue.
Complement
The set or amount that completes something, often used in mathematics to refer to the set of elements not in a given set.
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