Lab 3 (Question 3) _ Lyryx Learning Inc.pdf - Lab...

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10/31/2020 Lab 3 (Question 3) ~ Lyryx Learning Inc 1/3 Print Preferences Help Lab 3 (Question 3) Name: Thi Lan Anh Cao Date: 2020-10-31 0:40 This lab has expired. You can no longer receive marks for taking it. Question 3 [8 points] The following diagram shows the aggregate expenditure schedule for the economy and the equilibrium condition on the 45 degree line. Round all answers to the nearest whole number. a) Suppose output is K. What is the level of planned aggregate expenditure? Is planned expenditure greater or less than output? b) What is the size of the unplanned change in inventories at output K. If output is K, planned expenditure would be 8 . Planned expenditure would be less than current output. The unplanned increase in inventories amounts to 4 Printer Friendly .
10/31/2020 Lab 3 (Question 3) ~ Lyryx Learning Inc

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