Question: Enter answers where **** is 5) The Aggregate Expenditures Models Consider the Closed Economy with no Government Participation Aggregate Expenditures: AE = C +1 Personal

Enter answers where **** is

5) The Aggregate Expenditures Models Consider the Closed Economy with no Government Participation Aggregate Expenditures: AE = C +1 Personal Consumption Expenditures: C = 324 + 0.77 Y Gross Investment: I = 532 We can write the Personal Savings (S) equation as: S = **** + **** (Y) Calculate the Break-Even disposable income: **** Calculate the value of the Average Propensity to Consume (APC) at the break-even disposable income: *#*# We can write the Aggregate Expenditures equation as: AE = **** + *** (Y). Calculate the equilibrium output (Ye) for the Closed Economy. ***# Calculate the value of Personal Consumption Expenditures (C) when the economy is in equilibrium: **#* Calculate the value of the Average Propensity to Consume (APC) when the economy is in equilibrium: **#* Calculate Unplanned Inventory Change (UIC) when output is 3, 173.91: ** * * The Unplanned Inventory Change (UIC) you calculated in the above question represents: A) how much output businesses import over and above exports at the current rate of production B) how much output businesses export over and above imports at the current rate of production C) how much output businesses are forced to sell out of inventory to meet higher demand D) how much unsold output businesses are forced to store in inventory Calculate the expenditures multiplier in the model: * ***

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