Consider a Simple Macro Model with a Constant Price Level

question 121

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.The trade balance at equilibrium national income is a

• A)deficit of 504.8.
• B)deficit of 460.0.
• C)deficit of 330.0.
• D)surplus of 125.0.
• E)surplus of 15.3.

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Definitions:

Cochlea

is a spiral-shaped, fluid-filled inner ear structure responsible for converting sound vibrations into nerve impulses that are interpreted by the brain.

Vestibule

An entryway or chamber that can be the central part of the ear, or an area at the mouth's entrance.

Semicircular Canals

Three looping fluid-filled tunnels in the inner ear that are involved in maintaining balance and sensing head rotation.

Cochlea

A spiral-shaped cavity in the inner ear that plays a key role in the sense of hearing by converting sound vibrations into nerve impulses.