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Using a carefully-labeled graph,explain the Life Cycle Hypothesis.What are some of the implications of the Life Cycle Hypothesis?
Character
The unique psychological and ethical characteristics that define a person.
Generational Period
A length of time associated with a specific generation, often defined by societal shifts or significant events.
Formation
The process of creating or developing something into a particular shape or structure.
Values
Core beliefs and principles that guide an individual's actions and decisions.
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