Refer to the Information Provided in Table 8

question 144

Multiple Choice

Refer to the information provided in Table 8.7 below to answer the questions that follow.
Table 8.7
-Refer to Table 8.7. 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:

Piaget

Refers to Jean Piaget, a Swiss psychologist known for his pioneering work in child development and his theory of cognitive development.

Formal Operational

The stage of cognitive development, according to Jean Piaget, in which individuals become capable of abstract thinking and hypothetical reasoning.

Preoperational

The stage in Piaget's theory of cognitive development where children from about 2 to 7 years old exhibit egocentric thinking and struggle with understanding the viewpoint of others.

Negative Outcomes

refers to the undesirable or harmful results of actions or conditions, often contrasted with positive results or benefits.