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. Which of the following statements is false?
A. If aggregate output equals $1000 billion, then aggregate saving equals $100.
B. The MPC for this economy is 0.75.
C. At an output level of $400 billion, there is a $150 billion unplanned inventory decrease.
D. At output levels greater than $800 billion, there is a positive unplanned inventory change.
Answer: D
You might also like to view...
If an unanticipated decrease in aggregate demand results in an output below the economy's long-run capacity, long-run equilibrium will eventually be restored by
What will be an ideal response?
The monopolist's demand curve is:
A. identical to the market demand curve. B. identical to the marginal revenue curve. C. below the marginal revenue curve. D. a horizontal line at the market price.
The terms of trade (TOT) is defined as
A) (index of export prices)/(index of import prices). B) (home-country currency)/(foreign-country currency). C) . D)
In the figure above, a factor that could cause the supply of bonds to increase (shift to the right) is
A) a decrease in government budget deficits. B) a decrease in expected inflation. C) expectations of more profitable investment opportunities. D) a business cycle recession.