Which of the Following Was a Surprising Aspect of the Crisis

question 31

Multiple Choice

Which of the following was a surprising aspect of the crisis to economists?

• A) Economists did not think financial crises could happen.
• B) Rational expectations are no longer a valid working assumption.
• C) The financial markets did not function efficiently and broke down.
• D) The amplification effect of a housing market shock to a financial and macroeconomic crisis.
• E) Economic agents overestimated housing prices.

Discuss the significance of cultural and societal influences on cognitive development as emphasized by Vygotsky.

Explain the development of language, including phonology, semantics, syntax, and pragmatics, in a child's early years.

Understand the impact of using familiar metaphors and the importance of background knowledge in counseling.

Identify and appreciate the role of language and social interaction in cognitive development according to Vygotsky.

---

Definitions:

Generation Groups

Cohorts of individuals born and living around the same time, shared experiences often shape their collective attitudes and behaviors.

Self-Esteem

A measure of how much value and respect an individual has for themselves.

Early Teen Years

A developmental period typically referred to as early adolescence, ranging from ages 13 to 15, marked by significant physical, emotional, and social changes.

Young Adulthood

A life stage typically ranging from the late teens through the twenties, marked by exploration, independence, and self-discovery.