If Students Decide to Stay in College Until a Recession

question 70

Multiple Choice

If students decide to stay in college until a recession is over,they are practicing:

• A) intertemporal substitution.
• B) time bunching.
• C) labor adjustment costs.
• D) replacement wages.

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Definitions:

Cognitive Functioning

Refers to an individual's ability to think, reason, remember, and process information.

Staff

The collective group of employees or personnel working for an organization, institution, or a specific project.

Day Care Center

A place where children from infancy through childhood are cared for outside of their home during the day, often including educational and social activities.

Reorganizational Stage

In Schaie’s theory, a stage of early old age, when responsibilities narrow as children grow up and retirement becomes an option. Flexibility in problem solving is needed to create a satisfying, meaningful environment for the rest of life, but the focus tends to narrow to a changed set of personal goals and needs.