You and a Friend Are Arguing Over the Issue of the Nonneutrality

question 50

Multiple Choice

You and a friend are arguing over the issue of the nonneutrality of money.You believe that money is not neutral,and to prove your point you would cite all of the following EXCEPT

• A)large gold discoveries that increased the money supply preceded an economic boom.
• B)a change in monetary institutions preceded a boom or recession.
• C)a change in the leadership of the Fed and its policy was followed by noticeable changes in the money supply and a recession or inflation.
• D)the fact that every recession was preceded by a drop in the money supply.

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Definitions:

Formal Operational

A stage in Piaget's theory of cognitive development, marked by the ability to think abstractly, reason logically, and plan systematically.

Abstract Principles

Fundamental ideas or theories that are not associated with any specific instances or physical objects but serve as the basis for thought and action.

Cognitive Development

The study of how thinking, problem solving, and intelligence evolve as people grow, typically focusing on childhood development stages.

Centration

The cognitive tendency in young children to focus on one aspect of a situation while neglecting others, often observed in preoperational stage of Piaget's theory of cognitive development.