Table 26-1 -Refer to Table 26-1.Consider the Hypothetical Information in the Table

question 131

Multiple Choice

Table 26-1

-Refer to Table 26-1.Consider the hypothetical information in the table above for potential real GDP,real GDP and the price level in 2014 and in 2015 if the Federal Reserve does not use monetary policy.If the Fed wants to keep real GDP at its potential level in 2015,it should

• A) buy Treasury securities.
• B) sell Treasury securities.
• C) increase the required reserve ratio.
• D) increase income taxes.

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Definitions:

Lev Vygotsky

A psychologist best known for his theories on cognitive development, particularly the concept of the zone of proximal development and the importance of social interaction in learning.

Scaffold

In education, a framework or set of strategies used to support learners in achieving a task or understanding new concepts.

Mathematical Transformations

processes by which a mathematical entity is changed or mapped from one form or representation to another.

Concrete Operational Stage

A developmental phase identified by Piaget, occurring between ages 7 to 12 years, during which children gain a better understanding of concrete events and logical operations.