When GDP = 2.5 trillion, C = 1.0 trillion, I = 0.6 trillion, G = 0.4 trillion, and NX = 0. Then
A) unplanned inventory change = -0.5 trillion.
B) equilibrium expenditure = 2.0 trillion.
C) aggregate planned expenditure = 1.6 trillion.
D) unplanned inventory change = 0.5 trillion.
E) aggregate planned expenditure = 2.5 trillion.
Question 2
Today, one U.S. dollar exchanges for 1.10 euros. The next morning the same dollar exchanges for 1.07 euros. We can conclude that the dollar has ________ and the euro has ________.
A) depreciated; appreciated
B) appreciated; appreciated
C) appreciated; depreciated
D) depreciated; neither appreciated nor depreciated
E) depreciated; depreciated
