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It is inconceivable to think of those in under-developed countries and the developed economies of the eurozone coping without System D activity given the recurring recessions that are exacerbated by the violent central bank-induced business cycles.
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These match climate models' predictions of what happens when warming is induced by greenhouse gases better than it matches predictions of the result of changes in the sun's activity, the main alternative hypothesis for what might be causing the climate to change.
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Induced spending is when the employees of all of the above local firms spend their incrementally higher incomes resulting from visitor activity throughout the local economy at malls, movie theaters, restaurants, and the like.
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