If You Wanted to Encourage Kindergartners to Delay Gratification, You

question 42

Multiple Choice

If you wanted to encourage kindergartners to delay gratification, you would be most likely to:

• A)Tell them that how well they behave at the end of the day is what really counts
• B)Ask them to focus on how good it feels to do something nice for a classmate
• C)Talk about how their learning efforts today will pay off in the years to come
• D)Occasionally remind them that they will get a bigger reward by waiting a couple of hours

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Definitions:

Price Level Expectations

Price level expectations refer to the anticipations of consumers, firms, and other economic actors regarding the future general price level in the economy, influencing their economic decisions.

Short-Run Aggregate-Supply Curve

A visual depiction that illustrates the link between the overall output of goods and services and the price level for production in the short-term.

Short-Run Economic Fluctuations

Variations in the pace of economic activity, typically characterized by changes in GDP, unemployment, and other indicators, happening over a short period.

John Maynard Keynes

A British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments, known for advocating increased government expenditures and lower taxes to stimulate demand and pull the global economy out of depression.