Exhibit 9-2 -We Can Tell from the Data in Exhibit 9-2 That
Question 4
Question 4
Multiple Choice
Exhibit 9-2 Income = output (Y) $1,2001,4001,6001,8002,0002,2002,400C$1,2401,3801,5201,6601,8001,9402,080 Planned investment $200200200200200200200 Aggregate expenditure $1,4401,5801,7201,8602,0002,1402,280 Unintended inventory adjustment −$240−180−120−60060120 Actual investment −$40−2080140200260320 -We can tell from the data in Exhibit 9-2 that planned investment is autonomous because
A) actual investment is constant at each level of income B) it does not vary as consumption changes C) it does not vary as income changes D) it does not vary as the actual investment changes E) it does not vary as the price level changes
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