In the Long-Run ISLM Model and with Everything Else Held

question 95

Multiple Choice

In the long-run ISLM model and with everything else held constant,as long as the level of output ________ the natural rate level,the price level will continue to ________,shifting the LM curve to the ________,until finally output is back at the natural rate level.

• A)exceeds;rise;right
• B)exceeds;fall;left
• C)remains below;fall;right
• D)remains below;rise;left

Compare and contrast Piaget's and Vygotsky's theories of cognitive development.

Understand the role of social interactions and cultural context in cognitive development according to Vygotsky.

Describe the concept of adolescence egocentrism, the personal fable, and the imaginary audience.

Explain scaffolding and the zone of proximal development as described by Vygotsky.

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Definitions:

Council of Economic Advisers

A group of economists who advise the President of the United States on economic policy and prepare the annual Economic Report of the President.

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