Multiple Choice
Assume that in a private closed economy, consumption is $240 billion and investment is $50 billion, both at the $280 billion level of domestic output. Thus,
A) saving is $10 billion.
B) unplanned decreases in inventories of $10 billion will occur.
C) the MPC is 0.80.
D) unplanned increases in inventories of $10 billion will occur.
Correct Answer:
Verified
Correct Answer:
Verified
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