And there are parts of the economy where the effects of mental accounting are far from benign.
At Tuesday's swearing-in ceremony, Garcia told Simon that his main challenges will be fighting corruption and poverty, and defending Peru's economy from the effects of the global financial crisis.
But while Mr Hasenstab forecasts recession for Europe, he still thinks it will hold together, and is more upbeat about the global economy as the effects of quantitative easing by central banks in the developed world are exported to emerging markets.
Fuel choice in the transportation sector can strip oil of its strategic value, deny our adversaries the wherewithal they use to harm us, and help protect our quality of life and economy against the effects of cuts in foreign energy supplies and the rising costs of oil.
In an economy, the income effects from a transfer payment always sum to zero.
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But I also know that each of you worries about the longer-term effects this economy might have on your children, on your families, and on workers.
In the case of the economy, the side effects are higher future taxes and increased government debt, which brings on higher interest rates and thus below-average economic growth.
The amount being seized can probably solve the short term debt problem, but it will surely hurt the economy badly and the effects will last for a very long time.
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The whole half hour was dominated by the economy and MPs on all sides questioned the Prime Minister about the effects on the real economy - jobs, houses, repossessions and savings.
The goal is not to protect the American economy from the untoward effects of the sequester, but to clear the way for his Progressive agenda by winning the House of Representatives in 2014.
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Its effects on the economy, by encouraging borrowing and investment, can thus be enduring.
On balance, considering effects on the economy, the main source must be the consumption tax.
"When wage earners lose confidence, it has ripple effects throughout the economy, " Holland said.
Is there a difference between the two in terms of ultimate negative effects on the economy.
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Where we were wrong is that the currency's slide has had few ill effects on the economy.
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As a consequence, France is going through an entrepreneurial brain-drain that has recessive effects on its economy.
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These had distortionary knock-on effects in the economy that affected investment and the country's capacity to grow.
"We are not immune to the effects of the economy, " Ballmer said.
And it is still under criticism for launching several rounds of quantitative easing with dubious effects on the economy.
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With the economy this vulnerable to external effects, even radical reform may be less risky than the status quo.
Breakthrough companies essentially rise to prominence by inventing or commercializing a titanic technology that has ripple effects throughout the economy.
If the deal does go through, the British economy would certainly feel the effects of an injection of capital on such a scale.
The rapid dissemination of innovation through the economy via spill-over effects has a hugely positive impact on economic growth, he says.
The Kan government considered increases in income taxes and corporate taxes, but was held back by worries of effects on the economy.
Fed Chairman Bernanke also warned House members to focus on a rising structural deficit and its possibly harmful effects on the economy.
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And then, of course, the long-term or even mid-term effects on the economy would be significant on growth and on job creation.
Indonesia's economy remains hobbled by the effects of the region's 1997-98 recession.
Not doing that would have calamitous, catastrophic, disastrous effects on the economy.
And that is the kind of big, significant move in the economy that can have ripple effects and help a recovery take off.
So any downturn in the housing market could easily cause one or both of them to stumble, with knock-on effects throughout the economy.
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