Refer to the Information Provided in Table 23

question 176

Multiple Choice

Refer to the information provided in Table 23.7 below to answer the question(s) that follow.
Table 23.7
-Refer to Table 23.7. Which of the following statements is false?

• A) At output levels greater than $800 billion, there is a positive unplanned inventory change.
• B) If aggregate output equals $1000 billion, then aggregate saving equals $100.
• C) The MPC for this economy is 0.75.
• D) At an output level of $400 billion, there is a $150 billion unplanned inventory decrease.

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Definitions:

Northern White Women

Refers to women who lived in the Northern states of the United States during various historical periods, often with different social and economic experiences from those in the South.

Bread Riots

Public disturbances arising from shortages, high prices, or the lack of availability of bread and other staple foods, historically common in times of scarcity and economic distress.

Thomas Drayton

A Confederate brigadier general during the American Civil War, known for his service in the Confederate States Army.