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Serge watches as two lines of pennies (with eight pennies in each line) are laid out so that both lines are the same length. When asked, Serge says both are equal. Then the researcher takes the pennies in one line and places them farther apart, making that line longer than the other. Now serge says that line has more than the shorter line. What cognitive skill has Serge not yet developed, according the Piaget?
Automatic Stabilizer
Economic policies and programs, like unemployment benefits, that automatically adjust to counteract economic fluctuations without additional government action.
Unemployment Compensation
Government-provided financial assistance to individuals who are unemployed and meet certain eligibility requirements.
Automatic Stabilizer
Economic policies and programs, such as unemployment insurance and progressive taxes, that automatically help stabilize an economy by reducing the severity of economic fluctuations without additional government intervention.
Disposable Income
The residual financial power of households for savings and consumption post the subtraction of income taxes.
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