Question 1
Refer to the information provided in Table 23.10 below to answer the question(s) that follow.
Refer to Table 23.10. Which of the following statements is
false?
◦ At an output level $2,000, there is a $200 million unplanned inventory decrease.
◦ If aggregate output equals $2,000 million, then aggregate saving equals $700 million.
◦ The
MPC for this economy is 0.75.
◦ At an output level of $3,600 million, there is a $200 million unplanned inventory increase.
Question 2
Refer to the information provided in Table 23.10 below to answer the question(s) that follow.
Refer to Table 23.10. Planned saving equals planned investment at an aggregate output level of
◦ $2,000 million.
◦ $2,400 million.
◦ $2,800 million.
◦ $3,200 million.
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