Assume Alexis owns a local small business that produces rolls of paper towels. Assume that this year, Alexis decides to produce 15,000 rolls of paper towels and expects to sell 12,000. Let's look at three separate possible outcomes at the end of the year and you decide what happens to the level of inventory we have for each outcome compared to our planned level. 1. Alexis sells 14,000 rolls. 2. Alexis sells 12,000 rolls. 3. Alexis sells 9,000 rolls. Fill out the table below based on the information provided above. For the Unplanned Change in Inventories tow, a positive number means an unplanned increase, O means no unplanned change, and a negative number means an unplanned decrease. Table 7.2: Aggregate Expenditure Model Practice Outcome 1 Outcome 2 Outcome 3 Actual Level of 1,000 3,000 6.090 Inventories (included in Y) rolls rolls rolls Planned Level of 3,000 3,000 3.000 Inventories (included in AE) rolls rolls rolls Unplanned Change 2,000 3,000 in Inventories D Question 2 1 pts For Outcome 1 in the table above what is the impact on GDP and employment? GDP and employment will increase toward macroeconomic equilibrium GDP and employment will decrease toward macroeconomic equilibrium @ no change to either; the economy is in macroeconomic equilibrium Question 3 1 pts For Outcome 2 in the table you filled out above, what is the impact on GDP and employment? GDP and employment will increase toward macroeconomic equilibrium no change to either, the economy is in macroeconomic equilibrium GDP and employment will decrease toward macroeconomic equilibrium Question 4 1 pts For Outcome 3 in the table you filled out above, what is the impact on GDP and employment? O no change to either; the economy is in macroeconomic equilibrium GDP and employment will decrease toward macroeconomic equilibrium GDP and employment will increase toward macroeconomic equilibrium