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Are Persistent Increases in Standard of Living Possible in a Steady

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Are persistent increases in standard of living possible in a steady state economy?


Definitions:

James-Lange Theory

A theory of emotion suggesting that physiological arousal precedes the experience of emotion.

Afraid

A feeling of fear or anxiety about a possible or likely situation or event.

Anxious

Feeling anxious or stressed, usually because of an upcoming event or something that has an unpredictable result.

James-Lange Theory

A theory of emotion that suggests emotions are the result of physiological reactions to events, where we feel emotion because of the interpretation of bodily reactions.

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