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11. When aggregate expenditures (AE) are less than GDP=DY, there will be in business inventories and businesses will adjust by output, employment and incomes. A. unintended declines, increasing B. unintended increases, decreasing C. unintended declines, decreasing D. unintended increases, increasing 11A. Explain your answer to Question 11. GDP=DY Consumption $200 $205 225 225 250 245 275 265 300 285 12. Refer to the above data (in the box). The MPC is _12A and the MPS is 12B 12C. Show your work for Question 12A and 12B. 13. Refer to the above data (in the box). At the $200 level of DY: A. the MPS is .25 or 1/4 "B. dissaving is $5 (saving is $-5) C. the average propensity to save is .20 D. autonomous consumption is -$2054 14. TRUE or FALSE The development of a less expensive method of manufacturing computer chips will lead to an increase in investment (Ig). 15. The multiplier is based on: A. continuous flows of spending and income through which dollars spent by Smith are received as income by Jones. B. the savings ability of householders to keep money out of the spending stream. C. continuous flows of spending and income through which dollars spent by Smith are fully saved by the recipient. D. none of the above. 16. Since 1973, exchange rates in most economic systems are determined by A. the amount of gold held in vaults, such as Fort Knox, Kentucky. B. the amount of winning lottery tickets sold and claimed within a year's period of time. C. the value of the U.S. dollar only because it is the world's most usable currency. D. the unregulated forces of supply and demand. 17. TRUE or FALSE If there is an excess demand or shortage of a currency whose value floats, the value of the currency will depreciate, which means there is a fall in the value of one currency relative to another. 17A. If the statement is false, correct it so it reads true