Deflation

question 4

Multiple Choice

Deflation

• A)increases incomes and enhances the ability of debtors to pay off their debts.
• B)increases incomes and reduces the ability of debtors to pay off their debts.
• C)decreases incomes and enhances the ability of debtors to pay off their debts.
• D)decreases incomes and reduces the ability of debtors to pay off their debts.

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Definitions:

Jean Piaget

A Swiss psychologist renowned for his pioneering work on the cognitive development of children, proposing a series of developmental stages.

Fixation

In psychology, a persistent focus of the id’s pleasure-seeking energies at an earlier stage of psychosexual development in which conflicts were unresolved.

Psychosocial Theory

A framework for understanding human development across the lifespan proposed by Erik Erikson, emphasizing the impact of social experiences.

Erik Erikson

A psychologist known for his theory on the psychosocial development of human beings, outlining eight stages from infancy to adulthood.