A. Reference: Ref 11-14 Reference: Ref 11-14 (Table: Aggregate Spending) Suppose

Question

A.

Reference: Ref 11-14

Reference: Ref 11-14

(Table: Aggregate Spending) Suppose the economy has no government spending and no foreign trade. With no taxes and transfers, real GDP is equal to disposable income (YD). The data in the table show consumption spending (C) and planned investment (Iplanned). If real GDP is $2,500, what is the level of unplanned inventory investment? (Table: Aggregate Spending) Suppose the economy has no government spending and no foreign trade. With no taxes and transfers, real GDP is equal to disposable income (YD). The data in the table show consumption spending (C) and planned investment (Iplanned). If real GDP is $2,500, what is the level of unplanned inventory investment? ?$200 $0 $200 $2,700 B. If planned aggregate spending rises by $20 billion and the MPC is 0.9, then the income?expenditure equilibrium increases by $18 billion. False True

Explanation / Answer

A - $2700

B - True

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