Allroblems are nilable on 1. Briefly define the following terms and explain the relationship between them: MPC ..... Multiplier Actual investment . Planned investment Aggregate expenditure. . Real GDP Aggregate output Aggregate income habit. They have a rule that everyone saves exactly 25 percent of income. Assume that planned investment is fixed and remains at 75 billion Yuck dollars. You are asked by the business editor of the Weird Herald, the local newspaper, to predict the economic events of the next few months. By using the data given, can you make a forecast? What is likely to happen to inventories? What is likely to happen to the level of real GDP? Is the economy at an equilibrium? When will things stop changing?