Assuming All Else Equal,if a Household Is Pessimistic About Future

question 201

Multiple Choice

Assuming all else equal,if a household is pessimistic about future income,it is likely to cause a(n) ________ the current credit supply curve of the household.

• A) downward movement along
• B) upward movement along
• C) right shift of
• D) left shift of

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Definitions:

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.

Theory of Mind

The cognitive ability to understand that others have beliefs, desires, and intentions that are different from one's own.

Piaget

Swiss psychologist known for his pioneering work in child development and his theory of cognitive development stages.