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:

Intentional Destruction

The deliberate act of destroying or causing damage to property or materials.

Magazine Subscriptions

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False Pretenses

The act of deliberately presenting false information with the intent to deceive or mislead.

Ponzi Scheme

A fraudulent investment scam promising high rates of return with little risk to investors, which generates returns for older investors through new investors' capital rather than legitimate profit.