Wanda Is 2 Years Old and Learned That Watermelons Taste

question 73

Multiple Choice

Wanda is 2 years old and learned that watermelons taste sweet, are red on the inside, have black seeds, and are green on the outside. These facts represent Wanda's _____ in her associative network concern watermelons.

• A) paths
• B) tags
• C) associative knowledge
• D) exemplars
• E) declarative knowledge

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Definitions:

Self-correcting Economy

An economy that possesses mechanisms to automatically adjust itself to balance out recessions or inflations without external intervention.

Recessionary Gap

The difference between the actual output of an economy and its potential output if all resources were fully employed, indicating underperformance.

Expansionary Gap

A situation in an economy where total spending exceeds the production capacity, leading to inflationary pressures and a rise in output.

Effectiveness Lag

The time needed for changes in monetary or fiscal policy to affect the economy