Consider a Simple Macro Model with a Constant Price Level

question 61

Multiple Choice

Consider a simple macro model with a constant price level and demand-determined output.The equations of the model are: C = 150 + 0.84Y,I = 400,G = 700,T = 0,X = 130,IM = 0.08Y.Desired consumption expenditure at equilibrium national income is

• A)1675.44.
• B)4060.04.
• C)4830.00.
• D)4980.00.
• E)6815.40.

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Definitions:

Dyslexia

A disorder related to learning that involves challenges in accurately recognizing words, reading fluently, and difficulties with spelling and deciphering words.

Dyslexia

A learning disorder characterized by difficulties with accurate and/or fluent word recognition and by poor spelling and decoding abilities.

Dyslexia

A learning disorder characterized by difficulty reading due to problems identifying speech sounds and learning how they relate to letters and words.

Angular Gyrus

A region of the brain in the parietal lobe that is involved in processing language, numbers, and spatial cognition, playing a significant role in reading and interpreting words and symbols.