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What are animal spirits?

What are animal spirits? Here are some definitions.

Noun
  1. (medicine) The theorized ‘spirits’ or physiological principles which allowed for sensation and voluntary movement. [from 15th c.]
  2. Liveliness, vivacity, a happy tendency to action. [from 18th c.]
  3. (economics) After Keynes (citation 1936, above), the emotional and intuitive factors that drive business decisions whether to make investment gambles. [from 20th c.]
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