If the Intersection of the Short-Run Aggregate Supply Curve and the Aggregate

question 251

Multiple Choice

If the intersection of the short-run aggregate supply curve and the aggregate demand curve also intersect the long-run aggregate supply curve, then the economy is

• A) at full employment.
• B) operating at more than full employment.
• C) in a recession.
• D) operating at less than full employment.

Identify the significance of the concept of object permanence and its development stage.

Explain Lev Vygotsky's concept of the proximal zone of development and its importance in problem-solving and learning.

Differentiate between Piaget's and Vygotsky's theories regarding cognitive development.

Recognize the limitations and criticisms of Piaget's theory, including cultural considerations and the age at which certain cognitive abilities develop.

---

Definitions:

Risk-Free Asset

An investment with a guaranteed return, with no risk of financial loss, typically represented by government bonds.

Harry Markowitz

He is an economist renowned for his pioneering work in portfolio theory, establishing the basis for modern portfolio management with his concepts of diversification and risk-return optimization.

Nobel Prize-Winning

Recognition awarded for outstanding contributions in fields like Physics, Chemistry, Medicine, Literature, Peace, and Economic Sciences.

Efficient Portfolios

Investment portfolios designed to achieve the highest possible return for a given level of risk.