Use the Figure Below to Answer the Following Question

question 59

Multiple Choice

Use the figure below to answer the following question.

Figure 30.3.2
-Refer to Figure 30.3.2. The figure shows the economy of Freezone. Potential GDP is $250 billion. To return the economy to full employment, the central bank can ________ the overnight rate and ________ securities.

• A)lower; sell
• B)raise; sell
• C)raise; buy
• D)lower; buy
• E)lower; not change its holdings of

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Definitions:

Cognitive Development

The process through which individuals acquire and evolve their thinking skills, problem-solving abilities, and intelligence over time.

Mental Operations

The cognitive processes by which an individual manipulates and transforms information in their mind.

Mathematical Transformations

Mathematical Transformations refer to the application of specific operations that change the appearance of a figure or equation while preserving certain properties.

Piaget

Jean Piaget, a Swiss psychologist known for his pioneering work in child development and cognitive psychology.