Great Deal! Get Instant $10 FREE in Account on First Order + 10% Cashback on Every Order Order Now

This will be used to start a class discussion . You will need to do some internet research on this. Be sure to cite your sources using MLA or APA in-text citations and include a reference section...

1 answer below »



This will be used to start a class

discussion
. You will need to do some internet research on this. Be sure to cite your sources using MLA or APA in-text citations and include a reference section in your posts.




What are animal spirits in economics XXXXXXXXXXwords)?


Answered Same Day Oct 03, 2023

Solution

Komalavalli answered on Oct 04 2023
26 Votes
3
Animal Spirits in Economics
Animal spirits, in economics, refer to the emotional and psychological factors that influence economic decisions and behavior, often deviating from strict rationality. Coined by the British economist John Maynard Keynes, the term encapsulates the non-quantifiable elements that impact consumer and investor confidence, leading to shifts in spending, saving, and investment patterns.
These "spirits" encompass a range of human sentiments, such as optimism, pessimism, fear, and exuberance, which can significantly affect economic outcomes. For instance, during periods of high optimism, consumers tend to spend more freely, and businesses are more likely to invest, stimulating economic...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here