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

This preview shows page 1 - 3 out of 3 pages.

3/28/2021 Lab 3 (Question 3) ~ Lyryx Learning Inc 1/3 Print Preferences Help Lab 3 (Question 3) Name: Arthur Shim Date: 2021-03-28 22:18 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. Printer Friendly
3/28/2021 Lab 3 (Question 3) ~ Lyryx Learning Inc 2/3 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. c) How will business firms respond to this situation?

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture