Consider a Simple Macro Model with a Constant Price Level

question 50

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 value of the simple multiplier in this model is

• A)0.37.
• B)1.59.
• C)2.04.
• D)2.32.
• E)2.70.

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Definitions:

Masters and Johnson

Pioneering sex researchers who studied human sexual response and sexual disorders in the mid-20th century.

Ethnocentric Fallacy

The mistaken belief that the worldview of one's own culture is central and correct while those of other cultures are deviant or inferior.

American Psychiatric Association

A medical specialty society recognized worldwide, primarily focusing on the diagnosis, treatment, and prevention of mental illnesses.

Homosexuality

A sexual orientation characterized by a romantic or sexual attraction to individuals of the same gender.