Examlex
Most modern researchers suggest that-contrary to Piaget's claims-infants do actually believe that objects continue to exist even when hidden in a new location. Why, then, don't they reach for such objects and retrieve them?
Political Business Cycle Theory
A theory suggesting that elected officials may manipulate economic policies to produce favorable economic conditions ahead of elections to increase their chances of reelection.
Discount Rate
The interest rate on the loans that the Fed makes to banks.
Re-Elected
The act of being elected again for the same position or office after completing a term.
Short-Run Phillips Curve
An economic model suggesting an inverse relationship between the rate of inflation and the unemployment rate in the short term.
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