Consider the Following Information Describing a Closed Economy with No

question 153

Multiple Choice

Consider the following information describing a closed economy with no government and where aggregate output is demand determined.All dollar figures are in billions. TABLE 21-4 Refer to Table 21-4.The equilibrium level of national income ($billions) will be

• A)$70.
• B)$93.
• C)$120.
• D)$160.
• E)$280.

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