Answer:
C. is the process of making decisions based on experience, feelings, and accumulated judgment
Explanation:
Intuitive decision making: Intuition is defined as the capability of an individual to have hold on a particular information or situation without keeping any reason for the same. Through an intuitive decision-making process, a person uses his or her implicit knowledge for decision- making. Also, used in problem-solving techniques.
Example: An individual says, that he emphasized 'gut feeling' over cognitive problem-solving.
Keynes argued that the private sector was unable to keep the economy at full employment. as a result, the government should take an active role in managing the economy.
<h3>What is a
Keynesian economic theory?</h3>
According to Keynesian economics, the government should raise demand to spur economic growth. Consumer demand, according to Keynesians, is the main engine of an economy. Therefore, the hypothesis is in favor of an expansionary monetary policy. Government spending on infrastructure, unemployment benefits, and education are its key tools. Overusing Keynesian programs has the disadvantage of raising inflation. An economic school of thinking known as Keynesian Economic Theory holds that for economies to recover from recessions, government involvement is required.
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Limited/scare resources and unlimited wants.
A declarative memory that is accessed in a conscious, direct, and effortful manner is also called a explicit memory. Explicit memory is a memory with consciously retrieved memories that are easy to verbalize. Implicit memory on the other hand <span>is acquired and used unconsciously. </span>
