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In the Simple Examples About the Demand for Money, People

question 203

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In the simple examples about the demand for money, people hold wealth either as bonds or money.


Definitions:

Unconditioned Response

An automatic, natural reaction to a stimulus that occurs without the need for prior learning or conditioning.

Sensitization

The process by which an individual becomes more sensitive to a stimulus after being exposed to it, often leading to heightened responses.

Disinhibition

A reduction in restraint or inhibition which can lead to uninhibited or impulsive behavior due to various factors including alcohol, drugs, or certain mental health conditions.

Conditioned Stimulus

An initially neutral stimulus that, after being associated with an unconditioned stimulus, elicits a conditioned response.

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