Economics · Macroeconomics
The term 'Animal Spirits', coined by John Maynard Keynes, refers to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The natural rate of interest in the loanable funds market
- 2Consumer spending based on permanent income
- 3Unpredictable, exogenous fluctuations in investment driven by investor psychology✓
- 4Rational profit calculations by firms
Correct answer
Unpredictable, exogenous fluctuations in investment driven by investor psychology
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