In each lesson, you’ll have an opportunity to practice some of the concepts, calculations, or techniques presented in the lesson. This ConcepTest will give you practice with the following:
Drawing an aggregate expenditure function and altering it based on a given scenario
Determining how changes in one component of aggregate expenditure
Calculating the following:
unplanned changes in inventories
the value of the equilibrium real GDP
Work through the problems in the Word document.
Save your work to your computer.