The consumption function will shift upward when
A) real income increases.
B) saving increases.
C) the real wealth of the average household increases.
D) population decreases.
Answer: C) the real wealth of the average household increases.
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Using the compound interest tables, answer each of the following questions. ? Required: a.What is the present value on January 1, 2014, of $50,000 due on January 1, 2020, and discounted at 7% compounded annually?b.What is the present value on January 1, 2014, of $8,000 due on January 1, 2022, and discounted at 10% compounded semiannually?
What will be an ideal response?
Provide an appropriate response.Evaluate 
Fill in the blank(s) with the appropriate word(s).
Solve.4x + 3x = 28
A. 21
B. 
C. 7
D. 4
Development that occurs in distinct steps or stages, with each stage bringing about behavior that is assumed to be qualitatively different from behavior at earlier stages. This is referred to as what type of change?
A. discontinuous B. continuous C. critical D. natural