Match Each Term with the Correct Definition

question 5

Multiple Choice

Match each term with the correct definition.
-Passes toy from hand to hand

• A)Autonomy
• B)Crossing the midline
• C)Early toddler speech
• D)Reciprocal vocal exchange
• E)Convergence
• F)Food jag
• G)Parallel play
• H)Understands functional relationships
• I)Jargon
• J)Sense of property rights

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Definitions:

Supply-side Economics

Supply-side Economics is a macroeconomic theory that argues economic growth can be most effectively fostered by lowering taxes and decreasing regulation to increase production.

Milton Friedman

An American economist and Nobel laureate renowned for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.

Rational Expectationists

Economists who believe that individuals make decisions based on their rational outlook, available information, and past experiences.

Monetary Policy

The process by which the monetary authority of a country controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.