Consider a Simple Macro Model with a Constant Price Level

question 107

Multiple Choice

Consider a simple macro model with a constant price level and demand-determined output.The equations of the model are: C = 60 + 0.43Y,I = 150,G = 260,T = 0,X = 90,IM = 0.06Y.The vertical intercept of the AE function is

• A)60.0.
• B)210.0.
• C)300.0.
• D)414.4.
• E)560.0.

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Definitions:

Neuron Cell Bodies

The part of a neuron that contains the cell nucleus and is responsible for maintaining the life of the cell and initiating neural signals.

Central Nervous System

Comprised of the brain and spinal cord, it serves as the main control center for the body, processing information and directing bodily responses.

Action Potentials

Rapid electrical impulses that travel along the membrane of nerve cells or muscle fibers, initiating activity.

Node Of Ranvier

Gaps in the myelin sheath of nerve fibers where action potentials are generated in saltatory conduction.