Refer to the Information Provided in Table 8

question 13

Multiple Choice

Refer to the information provided in Table 8.8 below to answer the questions that follow.
Table 8.8
-Refer to Table 8.8. Which of the following statements is false?

• A) At an output level $4,000 million, there is a $400 million unplanned inventory decrease.
• B) If aggregate output equals $4,000 million, then aggregate saving equals $1000 million.
• C) The MPC for this economy is 0.8.
• D) At an output level of $3,000 million, there is a $600 million unplanned inventory decrease.

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Definitions:

Hearing Impairments

A range of conditions that affect an individual's ability to hear fully or partially, impacting communication and daily activities.

Magnitude

Describes the size, extent, or importance of an object, phenomenon, or effect.

Verbal Assessments

Evaluations that involve spoken questions and answers to gauge an individual's knowledge, skills, or psychological state.

Praxeology

The study of human action and conduct, often associated with the work of economist Ludwig von Mises and the Austrian School of economic thought.