Use the Following Situation to Answer the Question : Situation

question 122

Multiple Choice

Use the following Situation to answer the question : situation 20-1
Assume a closed economy with no government. Suppose that autonomous consumption equals $400, planned investment equals $500, and the mpc equals 0.9.
-Using the information contained in Situation 20-1,if planned investment decreases by $100,the equilibrium aggregate output will change by

• A)-$1,000.
• B)$-100.
• C)$100.
• D)$1,000.

---

Definitions:

Sample Size

The number of observations or data points collected in a sample.

Variable

An element, feature, or factor that is liable to vary or change.

Confidence Interval

A gamut of values, arising from sample statistic evaluation, with a high likelihood of encompassing the value of a mysterious population parameter.

Sample Size

The number of observations or cases used in a study or experiment, which can impact the reliability and validity of statistical results.