What Would Be the Best Description of What We Assume

question 84

Multiple Choice

What would be the best description of what we assume about money prices in the short run?

• A) Money prices of goods and services vary.
• B) Money prices of goods and services are not related to each other.
• C) Money prices of goods are fixed.
• D) Money prices of services are fixed.
• E) Money prices of goods and services are only temporarily fixed.

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Definitions:

Piaget

Refers to Jean Piaget, a Swiss psychologist known for his pioneering work in developmental psychology and his theory of cognitive development in children.

Cardinality Principle

A concept in mathematics education that the last number named when counting objects represents the total number of objects in the set.

Ascending-series Principle

A principle or method involving sequence or order that progresses from lower to higher, often used in contexts such as music, mathematics, and psychology.

Preoperational Stage

A stage in Jean Piaget's theory of cognitive development, occurring approximately between the ages of 2 and 7, characterized by symbolic thinking and egocentrism but a lack of operational logic.