Secular Deflation

question 261

Multiple Choice

Secular deflation

• A) has been a serious problem during the last three decades in the United States.
• B) although present, has not been a problem during the last three decades in the United States.
• C) has not been present in the United States since 1960.
• D) cannot exist in a capitalistic economy.

---

Definitions:

Preconventional

A stage in Kohlberg's theory of moral development where moral reasoning is based primarily on consequences and personal benefits.

Formal Operational

A stage in Piaget's theory of cognitive development where individuals can think abstractly and reason logically.

Ego-Integrity Vs. Despair

A stage in Erik Erikson's theory of psychosocial development occurring in late adulthood, where the individual reflects on their life and either achieves a sense of fulfillment or experiences despair.

Generativity Vs. Stagnation

A stage of adult development, according to Erik Erikson, focusing on the challenge of contributing to future generations versus becoming self-absorbed.