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Economists Attempt to Discover Explanations for Events That Are Observed

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Economists attempt to discover explanations for events that are observed.


Definitions:

Preoperational

A stage in Piaget's theory of cognitive development, typically from ages 2 to 7, where children start to engage in symbolic play but lack the ability to perform operations or mental manipulations.

Equilibrate

The process of achieving balance or stability within a system, particularly in the context of cognitive development as described by Jean Piaget.

Piaget

A psychologist known for his theory of cognitive development that describes how children's intellect grows through stages.

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