Refer to the information provided in Table 24.1 below to answer ...

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Question 1

If output is less than planned aggregate expenditure, there will be

◦ an unplanned increase in inventories.
◦ an unplanned decrease in inventories.
◦ no change in inventories.
◦ a planned increase in inventories.

Question 2

Refer to the information provided in Table 24.1 below to answer the question(s) that follow.












Refer to Table 24.1. At an output level of $1,200 billion, the level of aggregate expenditure is

◦ $1,000 billion.
◦ $1,200 billion.
◦ $1,300 billion.
◦ $1,400 billion.

[adammoses97]

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