Consider a Simple Macro Model with a Constant Price Level

question 111

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.If national income is 2400,then desired aggregate expenditure is

• A)1120.
• B)1776.
• C)2896.
• D)3184.
• E)3472.

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