According to Gordon,the Three Main Ingredients in the Recent U

question 52

Multiple Choice

According to Gordon,the three main ingredients in the recent U.S.housing bubble are

• A)low interest rates,saving glut,and financial innovation.
• B)high interest rates,lack of savings,and financial innovation.
• C)financial innovation,expansionary fiscal policy,and capital outflow.
• D)capital outflow,budget deficit,and trade deficit.

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Definitions:

Centration

A cognitive limitation in early childhood, where a child focuses on one aspect of a situation while neglecting others.

Abstract Concepts

Ideas or thoughts that do not have a physical or tangible representation, often complex and non-concrete.

Sensorimotor

A developmental stage in young children identified by Piaget, where they learn to perceive the world and control their movements through sensory and motor activity.

Cognitive Development

Refers to the process by which a child learns to reason, solve problems, and adapt to the environment, heavily influenced by Jean Piaget's theories.