Exam 8: Aggregate Expenditure and Equilibrium Output

Related to the Economics in Practice on p.464: A recent study by economists at Yale University and the University of Chicago suggests that changing retirement plan enrollment options from "opt-in" systems to "opt-out" systems increased pension plan enrollment after three months of work from ________ percent of workers to ________ percent of workers.

Refer to the information provided in Figure 8.4 below to answer the questions that follow. Figure 8.4 -Refer to Figure 8.4.Suppose the consumption function for C1 = 20 + 0.5Y,the consumption function that best fits C3 is

Refer to the information provided in Figure 8.10 below to answer the questions that follow. Figure 8.10 -Refer to Figure 8.10.At aggregate output levels below $1,000 million,there are

Related to the Economics in Practice on p.472: According to the "paradox of thrift," increased efforts to save will cause a(n)

Refer to the information provided in Table 8.4 below to answer the questions that follow. Table 8.4 -Refer to Table 8.4.Planned saving equals planned investment at an aggregate output level

Over which component of investment do firms have the least amount of control?

If the saving function is of the form S = -20 + 0.3Y,consumption at an income level of 200 is

Refer to the information provided in Figure 8.2 below to answer the questions that follow. Figure 8.2 -Refer to Figure 8.2.Jerry's saving equals zero at income level

If C = 100 + 0.8Y and I = 50,then the equilibrium level of income is

Refer to the information provided in Figure 8.2 below to answer the questions that follow. Figure 8.2 -Refer to Figure 8.2.Suppose Jerry's MPC increases,and the vertical intercept of the consumption function does not change.At income Y1,Jerry's

Refer to the information provided in Figure 8.6 below to answer the questions that follow. Figure 8.6 -Refer to Figure 8.6.The MPS for this saving function is

Refer to the information provided in Table 8.5 below to answer the questions that follow. Table 8.5 -Refer to Table 8.5.At an aggregate output level of $7,000 million,the unplanned inventory change is

If Zander's saving function is of the form S = -150 + 0.5Y,his consumption equals his income at an income level of

Refer to the information provided in Figure 8.9 below to answer the questions that follow. Figure 8.9 -Refer to Figure 8.9.At aggregate output level $300 million,there is a

Refer to the information provided in Table 8.1 below to answer the questions that follow. Table 8.1 -Refer to Table 8.1.Assuming society's MPC is constant at an aggregate of income of $300,aggregate consumption would be

Refer to the information provided in Figure 8.8 below to answer the questions that follow. Figure 8.8 -Refer to Figure 8.8.The amount of planned investment decreases if the interest rate

Firms react to unplanned increases in inventories by

If the MPS is 0.05,the MPC is

Refer to the information provided in Figure 8.5 below to answer the questions that follow. Figure 8.5 -Refer to Figure 8.5.The MPS for this saving function is

Refer to the information provided in Table 8.5 below to answer the questions that follow. Table 8.5 -Refer to Table 8.5.At an aggregate output level of $3,000 million,planned expenditure equals