Consider a Simple Macro Model with a Constant Price Level

question 65

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.A national income of 1200 results in desired aggregate expenditure of

• A)560.
• B)926.
• C)1004.
• D)1016.
• E)1148.

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