Consider a Simple Macro Model with a Constant Price Level

question 48

Multiple Choice

Consider a simple macro model with a constant price level and demand-determined output.The equations of the model are: C = 120 + 0.86Y,I = 300,G = 520,T = 0,X = 180,IM = 0.12Y.Equilibrium national income is

• A)2037.48.
• B)3615.24.
• C)4000.00.
• D)4307.70.
• E)8000.00.

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Definitions:

Respiration Rate

Respiration Rate is the number of breaths a person takes per minute, which is a critical vital sign indicating the health and wellbeing of an individual.

Parasympathetic Nervous System

The part of the autonomic nervous system that conserves energy by slowing the heart rate and increasing intestinal and gland activity.

Sympathetic Nervous System

The part of the autonomic nervous system that prepares the body for action by accelerating heart rate, increasing blood pressure, and dilating pupils, among other responses.

Blood Sugar

The concentration of glucose in the blood, which is a primary energy source for the body's cells.