Each Stage in Erikson's Theory Presents a Crisis That Must

question 53

Multiple Choice

Each stage in Erikson's theory presents a crisis that must be resolved. These crises are

• A) developmental landmarks with increased vulnerability.
• B) developmental landmarks with both increased vulnerability and enhanced potentials.
• C) catastrophic events that toughen the individual for future crises.
• D) developmental landmarks with enhanced potentials.

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Definitions:

M1

M1 is a category of the money supply that includes all physical money such as coins and currency, as well as demand deposits and other liquid assets held by the central bank.

Reserve Ratio

The portion of depositors' balances that banks must have on hand as cash.

Outstanding Loans

The total amount of borrowed funds that are still owed by the borrower to the lender, including both principal and interest.

Fiscal Policy

Governmental adjustments to its spending levels and tax rates to monitor and influence a nation's economy.