A Child's Mental Age

question 13

Multiple Choice

A child's mental age

• A)cannot be determined independently of the child's chronological age.
• B)provides a measurement of a child's performance relative to other children of a particular age group.
• C)cannot be determined from a child's test score.
• D)can only be determined from large representative samples.

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Definitions:

Aggregate Demand

The total demand for all goods and services within an economy at various price levels, in a given time period.

Automatic Stabilizer

Economic policies and programs, such as unemployment benefits and taxation, that automatically adjust to counteract economic fluctuations without direct intervention by policymakers.

Crowding-out

A situation where increased public sector spending leads to a reduction in private sector spending.

Accelerator Effect

Refers to the phenomenon where an increase in national income results in a proportionally larger increase in investment spending due to expected higher demand for products.