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 ($ million) ($ million) 1,600 2,000 2,800 3,600 4,400 5,200 4,000 5,000 1,600 1,600 6,000 1,600 7,000 1,600 Refer to Table 8.8. Which of the following statements is false? Select one: a. The MPCfor this economy is 08. b. If aggregate output equals $4,000 million, then aggregate saving equals $1000 million. O C. At an output level of $3,000 million, there is a $600 million unplannedinventory decrease 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 ($ million) ($ million) 1,600 2,000 2,800 3,600 4,400 5,200 4,000 5,000 1,600 1,600 6,000 1,600 7,000 1,600 Refer to Table 8.8. Which of the following statements is false? Select one: a. The MPCfor this economy is 08. b. If aggregate output equals $4,000 million, then aggregate saving equals $1000 million. O C. At an output level of $3,000 million, there is a $600 million unplannedinventory decrease d. At an output level $4,000 million, there is a $400 million unplanned inventory decrease
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Refer to the information provided in Table 8.8 below to answer the questions that follow.
Table 8.8
Aggregate Output Aggregate Consumption Planned Investment
($ million)
3,000
($ million)
($ million)
1,600
2,000
2,800
3,600
4,400
5,200
4,000
5,000
1,600
1,600
6,000
1,600
7,000
1,600
Refer to Table 8.8. Which of the following statements is false?
Select one:
a. The MPCfor this economy is 08.
b. If aggregate output equals $4,000 million, then aggregate saving equals $1000 million.
O C. At an output level of $3,000 million, there is a $600 million unplannedinventory decrease
d. At an output level $4,000 million, there is a $400 million unplanned inventory decrease
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