Examlex
During Substage __ of the sensorimotor period, babies repeat chance behaviors largely motivated by basic needs.
Crude Quantity Theory
A theoretical framework suggesting that changes in money supply have a direct, proportional effect on the price level in an economy.
V and Q
Symbols often used in equations and formulas, V typically represents volume and Q can represent quantity.
Discretionary Policies
Economic policies based on ad hoc decisions by government or policymakers rather than set by rules.
Rational Expectations
The economic theory that individuals make decisions based on their expectations of future economic conditions, which are formed by using all available information.
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