a) The values of planned real investment and actual real investment b) The amount of unplanned inventory change c) The new level to which the real GDP will adjust Concept introduction: Unplanned inventory change is the change in the stock of the firms that results from an unexpected change in demand in the economy. When demand exceeds supply, there is an unplanned decline in inventories. While, when demand is less than supply, there is an unplanned increase in the inventory stock. Real GDP refers to the level of gross domestic product at which planned investment is equal to actual investment and there is a balance in the economy.

Question

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Answer 1

Question

Chapter 12, Problem 14P

To determine

a) The values of planned real investment and actual real investment

b) The amount of unplanned inventory change

c) The new level to which the real GDP will adjust

Concept introduction:

Unplanned inventory change is the change in the stock of the firms that results from an unexpected change in demand in the economy. When demand exceeds supply, there is an unplanned decline in inventories. While, when demand is less than supply, there is an unplanned increase in the inventory stock.

Real GDP refers to the level of gross domestic product at which planned investment is equal to actual investment and there is a balance in the economy.

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Answer 2

Question

Chapter 12, Problem 14P

To determine

a) The values of planned real investment and actual real investment

b) The amount of unplanned inventory change

c) The new level to which the real GDP will adjust

Concept introduction:

Unplanned inventory change is the change in the stock of the firms that results from an unexpected change in demand in the economy. When demand exceeds supply, there is an unplanned decline in inventories. While, when demand is less than supply, there is an unplanned increase in the inventory stock.

Real GDP refers to the level of gross domestic product at which planned investment is equal to actual investment and there is a balance in the economy.

Expert Solution & Answer

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Answer 3

Question

Chapter 12, Problem 14P

To determine

a) The values of planned real investment and actual real investment

b) The amount of unplanned inventory change

c) The new level to which the real GDP will adjust

Concept introduction:

Unplanned inventory change is the change in the stock of the firms that results from an unexpected change in demand in the economy. When demand exceeds supply, there is an unplanned decline in inventories. While, when demand is less than supply, there is an unplanned increase in the inventory stock.

Real GDP refers to the level of gross domestic product at which planned investment is equal to actual investment and there is a balance in the economy.

Expert Solution & Answer

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Answer 4

Question

Chapter 12, Problem 14P

To determine

a) The values of planned real investment and actual real investment

b) The amount of unplanned inventory change

c) The new level to which the real GDP will adjust

Concept introduction:

Unplanned inventory change is the change in the stock of the firms that results from an unexpected change in demand in the economy. When demand exceeds supply, there is an unplanned decline in inventories. While, when demand is less than supply, there is an unplanned increase in the inventory stock.

Real GDP refers to the level of gross domestic product at which planned investment is equal to actual investment and there is a balance in the economy.

Expert Solution & Answer

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Answer 5

Chapter 12, Problem 14P

To determine

a) The values of planned real investment and actual real investment

b) The amount of unplanned inventory change

c) The new level to which the real GDP will adjust

Concept introduction:

Unplanned inventory change is the change in the stock of the firms that results from an unexpected change in demand in the economy. When demand exceeds supply, there is an unplanned decline in inventories. While, when demand is less than supply, there is an unplanned increase in the inventory stock.

Real GDP refers to the level of gross domestic product at which planned investment is equal to actual investment and there is a balance in the economy.

Answer 6

Chapter 12, Problem 14P

To determine

a) The values of planned real investment and actual real investment

b) The amount of unplanned inventory change

c) The new level to which the real GDP will adjust

Concept introduction:

Unplanned inventory change is the change in the stock of the firms that results from an unexpected change in demand in the economy. When demand exceeds supply, there is an unplanned decline in inventories. While, when demand is less than supply, there is an unplanned increase in the inventory stock.

Real GDP refers to the level of gross domestic product at which planned investment is equal to actual investment and there is a balance in the economy.

Answer 7

Chapter 12, Problem 14P

To determine

a) The values of planned real investment and actual real investment

b) The amount of unplanned inventory change

c) The new level to which the real GDP will adjust

Concept introduction:

Unplanned inventory change is the change in the stock of the firms that results from an unexpected change in demand in the economy. When demand exceeds supply, there is an unplanned decline in inventories. While, when demand is less than supply, there is an unplanned increase in the inventory stock.

Real GDP refers to the level of gross domestic product at which planned investment is equal to actual investment and there is a balance in the economy.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 12 - Prob. 12.1LO Ch. 12 - Prob. 12.2LO Ch. 12 - Prob. 12.3LO Ch. 12 - Prob. 12.4LO Ch. 12 - Prob. 12.5LO Ch. 12 - Prob. aFCT Ch. 12 - Prob. bFCT Ch. 12 - Prob. cFCT Ch. 12 - Prob. 1CTQ Ch. 12 - Prob. 2CTQ

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