Refer to the information provided in Table 8.8 below to answer the questions that follow. Table 8.8 Aggregate Output Aggregate Consumption Planned Investment ($ million) 3,000 4,000 5,000 6,000 7,000 ($ million) 2,000 2,800 3,600 4,400 5,200 ($ million) 1,600 1,600 1,600 1,600 1,600 Refer to Table 8.8. Which of the following statements is false? Select one: O a. The MPCfor this economy is o.8. O b. lfaggregate output equals $4,00o million, then aggregate saving equals $1000 million. c. At an output level of $3,000 million, there is a $600 million unplanned inventory decrease. O d. At an output level $4,000 million, there is a $400 million unplanned inventory decrease.
Refer to the information provided in Table 8.8 below to answer the questions that follow. Table 8.8 Aggregate Output Aggregate Consumption Planned Investment ($ million) 3,000 4,000 5,000 6,000 7,000 ($ million) 2,000 2,800 3,600 4,400 5,200 ($ million) 1,600 1,600 1,600 1,600 1,600 Refer to Table 8.8. Which of the following statements is false? Select one: O a. The MPCfor this economy is o.8. O b. lfaggregate output equals $4,00o million, then aggregate saving equals $1000 million. c. At an output level of $3,000 million, there is a $600 million unplanned inventory decrease. O d. At an output level $4,000 million, there is a $400 million unplanned inventory decrease.
Chapter18: The Keynesian Model
Section: Chapter Questions
Problem 6SQP
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