Examlex
When the real interest rate ________ the equilibrium real interest rate, there is a ________ of loanable funds and the real interest rate ________.
Concrete Operational
A stage in Piaget's theory of cognitive development where children aged 7 to 11 start thinking logically about concrete events.
Preoperational
A stage in Piaget's theory of cognitive development, where children from about 2 to 7 years old engage in symbolic play but lack logical reasoning.
Preconventional
The first level in Kohlberg's theory of moral development where moral reasoning is based primarily on the consequences of actions and on the benefits to the self.
Formal Operational
A stage in Piaget's theory of cognitive development where individuals can think abstractly and systematically solve problems.
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