Which of the Following Is a True Statement

question 29

Multiple Choice

Which of the following is a true statement?

• A)Unanticipated inflation is a change in the general level of prices that catches most decision makers by surprise.
• B)High and variable rates of inflation are easy for decision makers to forecast accurately.
• C)High and variable rates of inflation can increase GDP by reducing investment.
• D)When decision-makers are able to anticipate slow, steady rates of inflation, prices become more unstable and there is a negative impact on the level of prosperity.

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Definitions:

Decenter

The ability to consider multiple aspects of a situation or problem simultaneously, crucial in the development of logical thinking in children.

Concrete Operations

A stage in Piaget's theory of cognitive development, typically occurring between ages 7 and 12, where children gain the ability to think logically about concrete events.

Classification

The systematic process of organizing or categorizing items, ideas, or information based on shared characteristics or principles.

Piaget's Conservation Task

A type of task designed by Jean Piaget to assess a child's ability to recognize that certain properties of objects remain the same even when their appearances change.