Refer to the Information Provided in Table 8

question 331

Multiple Choice

Refer to the information provided in Table 8.9 below to answer the questions that follow.
Table 8.9
-Refer to Table 8.9. Which of the following statements is false?

• A) At output levels greater than $400 billion, there is a positive unplanned inventory change.
• B) If aggregate output equals $500 billion, then aggregate saving equals $0.
• C) The MPC for this economy is 0.8.
• D) At an output level of $200 billion, there is a $60 billion unplanned inventory decrease.

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Definitions:

Limited Partnership

a type of partnership comprising both general partners, who manage the business and are personally liable for debts, and limited partners, who invest but have limited liability.

Death of a Partner

In the context of business, refers to the event when one member of a partnership passes away, potentially impacting the continuity and operations of the business.

Partnership Agreement

A contract between partners in a business that outlines the terms and conditions of the partnership.

Partnership Dissolution

The process of terminating the legal existence of a partnership entity, which involves winding up its affairs and distributing its assets.