Question

Use the diagram to the right to answer the following: a. The equilibrium value of real GDP is $ 14 trillion. (Enter your response as a whole number.) b. The MPC is equal to 0.875. (Enter your response rounded to two decimal places.) c. The multiplier is equal to [ ]. (Enter your response rounded to one decimal place.) d. What is the value of unplanned changes in inventories when real GDP has each of the following values? (Enter your responses rounded to one decimal place and include a minus sign if necessary.) GDP | Unplanned Inventories $12 trillion | [ ] trillion $14 trillion | [ ] trillion $16 trillion | [ ] trillion Aggregate Expenditure, AE ($, trillions) 24.0 22.0 20.0 18.0 16.0 15.5 14.0 14.0 12.0 12.5 10.0 8.0 6.0 4.0 2.0 0.0 0 2 4 6 8 10 12 14 16 18 20 22 24 Real GDP, Y ($, trillions) 45° AE

          Use the diagram to the right to answer the following:

a. The equilibrium value of real GDP is $ 14 trillion. (Enter your response as a whole number.)

b. The MPC is equal to 0.875. (Enter your response rounded to two decimal places.)

c. The multiplier is equal to [ ]. (Enter your response rounded to one decimal place.)

d. What is the value of unplanned changes in inventories when real GDP has each of the following values? (Enter your responses rounded to one decimal place and include a minus sign if necessary.)

GDP | Unplanned Inventories
$12 trillion | [ ] trillion
$14 trillion | [ ] trillion
$16 trillion | [ ] trillion

Aggregate Expenditure, AE ($, trillions)
24.0
22.0
20.0
18.0
16.0 15.5
14.0 14.0
12.0 12.5
10.0
8.0
6.0
4.0
2.0
0.0
0 2 4 6 8 10 12 14 16 18 20 22 24
Real GDP, Y ($, trillions)
45°
AE

Use the diagram to the right to answer the following:

a. The equilibrium value of real GDP is 14 trillion. (Enter your response as a whole number.)

b. The MPC is equal to 0.875. (Enter your response rounded to two decimal places.)

c. The multiplier is equal to [ ]. (Enter your response rounded to one decimal place.)

d. What is the value of unplanned changes in inventories when real GDP has each of the following values? (Enter your responses rounded to one decimal place and include a minus sign if necessary.)

GDP | Unplanned Inventories12 trillion | [ ] trillion
14 trillion | [ ] trillion16 trillion | [ ] trillion

Aggregate Expenditure, AE (, trillions)
24.0
22.0
20.0
18.0
16.0 15.5
14.0 14.0
12.0 12.5
10.0
8.0
6.0
4.0
2.0
0.0
0 2 4 6 8 10 12 14 16 18 20 22 24
Real GDP, Y (, trillions)
45°
AE

Added by Amparo D.

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