Examlex
If the real interest rate were above the equilibrium rate, there would be a shortage of loanable funds.
Empathy
The capacity to understand or feel what another being is experiencing from within their frame of reference, essentially placing oneself in another's position.
Three-mountain Task
A cognitive development assessment where children are asked to choose pictures that represent different perspectives of a model mountain range, testing their ability to understand and differentiate viewpoints.
Egocentrism
The cognitive inability to understand or assume any perspective other than one's own, commonly seen in early childhood development.
Piaget
Swiss psychologist known for his pioneering work in child development and his theory of cognitive development explaining how children acquire knowledge.
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