If 1-Year-Old Alonzo Plays with a Remote Control by Putting

question 40

Multiple Choice

If 1-year-old Alonzo plays with a remote control by putting it up to his ear to "talk" to it, he has:

• A) accommodated his understanding of phones
• B) accommodated his understanding of remote controls
• C) assimilated the remote control into his idea of a phone
• D) assimilated the phone into his idea of a remote control

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Real GDP

The measure of the value of all final goods and services produced within a country in a given period, adjusted for inflation.

Real Wage

The purchasing power of wages, considering the effects of inflation on what can actually be bought with those wages.

Aggregate Demand

Full economic demand for all types of goods and services, calculated at a unified price level throughout a chosen period.

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The summarised price average of every good and service within the economic domain.