FIGURE 29-2 Refer to Figure 29-2

question 65

Multiple Choice

FIGURE 29-2 Refer to Figure 29-2.The movement of the economy from E₁ to E₂ was likely caused by

• A)an increase in the price level.
• B)a positive supply shock induced by new technology.
• C)a negative demand shock due to government cut-backs.
• D)a negative supply shock due to a rise in input prices.
• E)the monetary validation of an initial demand shock by the central bank,combined with ongoing inflation expectations.

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Definitions:

Inner Speech

Vygotsky’s concept of the ultimate binding of language and thought. Inner speech originates in vocalizations that may regulate the child’s behavior and become internalized by age six or seven.

Cognitive Development

Refers to the progression of thinking, problem solving, and information processing abilities from childhood through adulthood.

Language Development

How kids learn to grasp and use language during the initial stages of their life.

Transductive Reasoning

A type of reasoning in early childhood where children make conclusions based on specific observations or experiences, rather than general logical rules.