Exam 23: Aggregate Expenditure and Equilibrium Output

Refer to the information provided in Table 23.7 below to answer the question(s) that follow. Table 23.7 -Refer to Table 23.7. If aggregate output equals ________, there will be a $100 billion unplanned decrease in inventories.

Refer to the information provided in Table 23.10 below to answer the question(s) that follow. Table 23.10 -Refer to Table 23.10. Planned investment equals actual investment at

Refer to the information provided in Figure 23.7 below to answer the question(s) that follow. Figure 23.7 -Refer to Figure 23.7. In Ichabodia, planned investment varies directly with income. Ichabodia's planned investment function is represented by

Refer to the information provided in Table 23.10 below to answer the question(s) that follow. Table 23.10 -Refer to Table 23.10. If aggregate output equals ________, there will be a $100 million unplanned decrease in inventories.

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. If aggregate income is $1,000 billion, then in this society aggregate saving is ________ billion.

Refer to the information provided in Table 23.10 below to answer the question(s) that follow. Table 23.10 -Refer to Table 23.10. At an aggregate output level of $2,000 million, the unplanned inventory change is

Assume there is no government or foreign sector. If the MPS is 0.2, a $40 billion decrease in planned investment will cause aggregate output to decrease by

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. Positive saving occurs along the line segment

Assume there is no government or foreign sector. If the multiplier is 4, a $20 billion increase in investment will cause aggregate output to increase by

Refer to the information provided in Figure 23.5 below to answer the question(s) that follow. Figure 23.5 -Refer to Figure 23.5. Aggregate consumption is $875 billion when aggregate income is ________ billion.

Refer to the information provided in Table 23.9 below to answer the question(s) that follow. Table 23.9 -Refer to Table 23.9. At an aggregate output level of $300 billion, the unplanned inventory change is

Refer to the information provided in Figure 23.9 below to answer the question(s) that follow. Figure 23.9 -Refer to Figure 23.9. There is a $75 million increase in unplanned inventories at an aggregate output level of

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. At an aggregate output level of $3,000 million, planned expenditure equals

Refer to the information provided in Figure 23.11 below to answer the question(s) that follow. Figure 23.11 -Refer to Figure 23.11. A ________ increase in investment changes equilibrium output to $240 million.

If the MPS is 0.60, MPC

If planned investment is perfectly unresponsive to changes in the interest rate, the planned investment schedule

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. If income is Y₂

Refer to the information provided in Figure 23.9 below to answer the question(s) that follow. Figure 23.9 -Refer to Figure 23.9. At aggregate output level $100 million, there is a

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. At income level $1,500, this household's saving is ________ than (to) zero and this household's consumption is ________ zero.

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. An increase in the amount of consumption this household makes when this household's income is zero