spending (1). In this problem, assume that planned investment spending is independent of the economy's real GDP level. Also note that real GDP is equal to disposable income in a private closed economy. Using the numbers provided in the table, enter the missing numbers in the empty cells. Then, using the drop-down selection menus in the right-most column, indicate whether output will tend to rise, fall, or remain in equilibrium at each level of real GDP in the table. Note that the table uses negative numbers to indicate an unplanned decrease in inventories and positive numbers to indicate an unplanned increase in inventories. Real Aggregate Unplanned Changesin Tendency GDP Consumption Saving Investment Expenditure Inventories of Output H 400 340 160 -100 N 500 110 160 550 m 600 440 160 600 700 490 210 160 650 540 260 160 700 100 True or False: The most fundamental assumption behind the aggregate expenditure model is that prices in the economy are fixed. O True O False When aggregate expenditure is less than real GDP, there is an unplanned in business inventories. This unplanned change in inventories will cause the actual level of investment to be than the planned level of investment (I), which will prompt firms to employment and production. Grade It Now Save & Continue Continue without saving