Exam 8: Aggregate Expenditure and Equilibrium Output

Refer to the information provided in Figure 8.3 below to answer the questions that follow. Figure 8.3 -Refer to Figure 8.3. For this society, aggregate saving is positive if aggregate income is

Refer to the information provided in Table 8.8 below to answer the questions that follow. Table 8.8 -Refer to Table 8.8. Planned investment equals actual investment at

Refer to the information provided in Figure 8.7 below to answer the questions that follow. Figure 8.7 -Refer to Figure 8.7. In Azora, planned investment does not vary with income. Azora's planned investment function is represented by

Refer to the information provided in Figure 8.2 below to answer the questions that follow. Figure 8.2 -Refer to Figure 8.2. A decrease in Jerry's income is represented by

Refer to the information provided in Figure 8.2 below to answer the questions that follow. Figure 8.2 -Refer to Figure 8.2. The line segment ________ represents Jerry's consumption when income equals zero.

Aggregate output will increase if there is a(n)

Refer to the information provided in Table 8.9 below to answer the questions that follow. Table 8.9 -Refer to Table 8.9. At an aggregate output level of $100 billion, the unplanned inventory change is

If C = 300 + 0.75Y and I = 200, then the equilibrium level of income 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 above $1,000 million, there are

Uncertainty about the future is likely to

Refer to the information provided in Figure 8.4 below to answer the questions that follow. Figure 8.4 -Refer to Figure 8.4. If income is Y₂

Related to the Economics in Practice on p. 146: 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.

Suppose saving is $1,400 when income is $10,000 and the MPC equals 0.8. When income increases to $12,000, saving is

The Tiny Tots Toy Company manufactures only sleds. In 2016 Tiny Tots manufactured 10,000 sleds, but sold only 8,000 sleds. In 2016 Tiny Tots' change in inventory was

Refer to the information provided in Figure 8.4 below to answer the questions that follow. Figure 8.4 -If the consumption function is below the 45-degree line,

As the MPS increases, the multiplier will

Refer to the information provided in Table 8.4 below to answer the questions that follow. Table 8.4 -Refer to Table 8.4. Society's MPS is

If unplanned business investment is $45 million and planned investment is $45 million, then actual investment is

If Zach's saving function is of the form [S = -300 + 0.2Y], his consumption equals his income at an income level of

Refer to the information provided in Figure 8.12 below to answer the questions that follow. Figure 8.12 -Refer to Figure 8.12. Suppose AE₁, AE₂ and AE₃ are not parallel. What is the value of Point B?