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Dr.Brown is a firm supporter of cognitive-behavioural treatments.His patient Peter has a fear of dogs.During their first therapy session,Dr.Brown actively challenges Peter's beliefs regarding dogs and subjects Peter to many of the symptoms usually experienced in a panic disorder.In this case,Dr.Brown is using the principles of
Keynesian Economist
An economist who follows the principles of John Maynard Keynes, advocating for government intervention through fiscal and monetary policies to manage economic cycles.
Recession
A period of economic decline across an economy lasting more than a few months, typically visible in GDP, real income, employment, industrial production.
Aggregate Supply
The overall quantity of products and services that companies in a country's economy intend to sell over a set duration.
Wealth Effect
The change in consumer spending and economic behavior that results from a change in perceived wealth, often due to asset price fluctuations.
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