Consider a Simple Macro Model with a Constant Price Level

question 29

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.Equilibrium national income is

• A)560.00.
• B)888.89.
• C)1142.85.
• D)1302.33.
• E)1513.50.

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Definitions:

Order Acknowledgments

Formal communications that confirm the receipt and processing of an order to the customer.

Deductive Outline

An organizational structure that starts with the general idea or thesis and then presents specific evidence to support it.

Primary Consideration

The most important factor to be thought of or taken into account in a particular situation or decision-making process.

Victim Crisis

A situation in which an individual or group experiences significant harm or distress, prompting an immediate need for support and intervention.