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 $400 million unplanned inventory decrease.
Chapter10: Income And Expenditures Equilibrium
Section: Chapter Questions
Problem 8E
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Question
Transcribed Image Text:Refer to the information provided in Table 8.8 below to answer the questions that follow.
Table 8.8
Aggregate Output Aggregate Consumption Planned Investment
($ 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.
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