Consider a Simple Macro Model with a Constant Price Level

question 116

Multiple Choice

Consider a simple macro model with a constant price level and demand-determined output.The equations of the model are: C = 120 + 0.86Y,I = 300,G = 520,T = 0,X = 180,IM = 0.12Y.The vertical intercept of the AE function is

• A)120.0.
• B)420.0.
• C)600.0.
• D)828.8.
• E)1120.0.

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Definitions:

Picture Plane

Refers to the surface on which a two-dimensional art piece is created, acting as the imaginary boundary between the viewer and the depicted scene.

Mnemonic Devices

Tools or techniques that aid in the memorization or retrieval of information, often by making connections between new information and information already stored in memory.

Method Of Loci

A memorization method that requires the learner to visualize an ordered series of physical locations as mnemonic cues for a list of information.

Pegword Method

A mnemonic device that involves linking words with numbers to remember a list of items in order by associating them with pre-memorized peg words.