6. (modified from text) Jill Davis tells her broker that she does not want to sell any of her stocks that are below the price she paid for them. She believes that if she holds on to them a little longer, they will recover, at which time she will sell them. What behavioral characteristic does Davis display (briefly explain)

Crowding out is a phenomenon focused upon most by the macroeconomists of whereby a government deficit interest rates, which in turn private investment spending. this group also believed that fiscal policy is the only thing that can lower natural unemployment. is just as effective in countering recessions as monetary policy. can be used most of the time, but monetary policy becomes a better option when velocity is fluctuating. should be used only if the central bank follows a monetary policy rule. faces problematic lags in propagating changes throughout the economy.