Exam 23: Aggregate Expenditure and Equilibrium Output

Refer to the information provided in Figure 23.4 below to answer the question(s) that follow. Figure 23.4 -Refer to Figure 23.4. Which consumption function has the largest MPC?

Refer to the information provided in Figure 23.4 below to answer the question(s) that follow. Figure 23.4 -Refer to Figure 23.4. The society's consumption is equal along C₂ and C₃ if

Refer to the information provided in Table 23.8 below to answer the question(s) that follow. Table 23.8 -Refer to Table 23.8. Planned investment equals actual investment at

If the consumption function is of the form [C = 60 + 0.9Y], the MPS equals

Assume there is no government or foreign sector. If the multiplier is 2, a $20 billion increase in planned investment will cause aggregate output to increase by

Refer to the information provided in Figure 23.3 below to answer the question(s) that follow. Figure 23.3 -Refer to Figure 23.3. Which of the following statements is true?

Assume there is no government or foreign sector. If the MPS is 0.10, a $20 billion decrease in planned investment will cause aggregate output to decrease by

The change in consumption divided by the change in income is equal to

Aggregate output will increase if there is a(n)

If unplanned inventory investment is negative, then

If consumption is $13,000 when income is $12,000, and consumption increases to $15,000 when income increases to $15,000, the MPS is

The change in saving divided by the change in income is equal to

Refer to the information provided in Table 23.3 below to answer the question(s) that follow. Table 23.3 -Refer to Table 23.3. At an aggregate income level of $300, aggregate saving would be

Refer to the information provided in Table 23.3 below to answer the question(s) that follow. Table 23.3 -Refer to Table 23.3. Assuming society's MPC is constant at an aggregate of income of $2,000, aggregate consumption would be

Refer to the information provided in Figure 23.2 below to answer the question(s) that follow. Figure 23.2 -Refer to Figure 23.2. Jerry's saving is negative along the line segment

Refer to the information provided in Figure 23.4 below to answer the question(s) that follow. Figure 23.4 -Refer to Figure 23.4. The aggregate consumption functions C₁ and C₂

Refer to the information provided in Table 23.3 below to answer the question(s) that follow. Table 23.3 -Refer to Table 23.3. Society's MPC is

Refer to the information provided in Figure 23.10 below to answer the question(s) that follow. Figure 23.10 -Refer to Figure 23.10. At aggregate output levels below $1,000 million, there are

Refer to the information provided in Figure 23.12 below to answer the question(s) that follow. Figure 23.12 -Refer to Figure 23.12. Suppose the economy's aggregate expenditure line is AE₂. A $10 million increase in planned investment causes aggregate equilibrium output to increase to

Refer to the information provided in Figure 23.1 below to answer the question(s) that follow. Figure 23.1 -Refer to Figure 23.1. This household saves ________ at an income level of $400.