B. Piaget’s theory of cognitive development begins in the sensorimotor stage, where children are still making sense of the world through their senses, and ends in the formal operational stage, in which a person begins to think abstractly and reason about hypotheticals.
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because ones on earth and the other on is in space and the gravity is different
If consumer confidence decreases then aggregate demand will
decrease and output will decrease but price level will increase.
If Congress passes a plan to cut the national debt in half by increasing personal income taxes, then
AD shifts left and price level would decrease
Question 5(Multiple Choice Worth 3 points)
Assume Angela’s disposable income is $800 and her boss gives her a $100 raise. Her consumption increased from $600 to $650. Which of the following is true?
MPC = .75
The value of the expenditure multiplier increases when
tax rates increase.
the marginal propensity to consume increases.
Disposable Income Consumer Spending
$12,000
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