Solved

Use the Following to Answer Questions

Question 108

Multiple Choice

Use the following to answer questions .
Exhibit: Aggregate Expenditures Curve
Figure 13-6 Use the following to answer questions . Exhibit: Aggregate Expenditures Curve Figure 13-6   -(Exhibit: Aggregate Expenditures Curve)  Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, I<sub>P</sub> = Planned Investment, G = Government Purchases. Further, I<sub>P</sub> and G are autonomous. If real GDP produced is $4,000, what is the amount of unplanned investment? A)  zero B)  $1,200 billion C)  $2,400 billion D)  $2,800 billion
-(Exhibit: Aggregate Expenditures Curve) Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, IP = Planned Investment, G = Government Purchases. Further, IP and G are autonomous. If real GDP produced is $4,000, what is the amount of unplanned investment?


A) zero
B) $1,200 billion
C) $2,400 billion
D) $2,800 billion

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents