Consider a Simple Macro Model with a Constant Price Level

question 47

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,X = 130,IM = 0.08Y,T = 0.Equilibrium national income is 5000 when G is equal to

• A)-40.
• B)520.
• C)580.
• D)740.
• E)812.

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Definitions:

Ascaris Lumbricoides

A type of roundworm, or helminth, that can cause the disease ascariasis when it infects a human host's intestines.

Roundworms

Roundworms are a type of nematode, a cylindrical worm found in various environments, some of which can infect humans and animals causing diseases.

Intestinal Parasite

Organisms that live and feed inside the human digestive tract, often causing illness or nutrient deficiencies.

Annelids

A phylum of invertebrate worms characterized by their segmented bodies, including earthworms, leeches, and polychaetes.