Examlex
In his liquidity preference framework,Keynes assumed that money has a zero rate of return; thus,when interest rates ________ the expected return on money falls relative to the expected return on bonds,causing the demand for money to ________.
Equilibrate
The process of achieving balance or stability within a system, particularly in the context of cognitive development as described by Jean Piaget.
Piaget
A psychologist known for his theory of cognitive development that describes how children's intellect grows through stages.
Logically
In a manner that is based on clear, sound reasoning or the formal principles of reasoning.
Egocentrically
Thinking primarily about oneself without regard for the feelings or views of others; seeing things from one's own perspective only.
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