In Talking with Grandma on the Phone,little Marcelo Suddenly Exclaims,"Oh,look

question 15

Multiple Choice

In talking with Grandma on the phone,little Marcelo suddenly exclaims,"Oh,look at that pretty red bird!" When his grandmother asks him to describe the bird,Marcelo says,"Out there,out there! Right there,Grandma!" He finally gets frustrated and hangs up.This is an example of:

• A)animism.
• B)egocentrism.
• C)intuitive thought.
• D)symbolic function.

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Definitions:

Keynesian Models

Economic theories that emphasize the total spending in the economy and its effects on output and inflation, developed by John Maynard Keynes.

Planned Investment

Expenditures that businesses intend to make in the future for new capital assets, such as buildings and machinery, to increase production capabilities.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, marked by high unemployment, deflation, and a drop in global GDP.

Aggregate Demand

Total requisites for goods and services across an economic landscape, determined at a steady general price level over a fixed time frame.