Consider a Simple Macro Model with a Constant Price Level

question 130

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.Desired consumption expenditure at equilibrium national income is

• A)3113.5.
• B)3307.7.
• C)3824.6.
• D)4250.
• E)Not enough information to determine

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Protistan

Refers to any member of a diverse group of eukaryotic microorganisms, which are neither plants, animals, nor fungi, including algae, amoebas, and protozoans.

Salt Water

Water that contains significant amounts of dissolved salts, typically found in oceans and seas.

Freshwater Organism

A living entity that inhabits water bodies with low salt content, such as lakes, rivers, and ponds.

Semipermeable Membrane

A membrane that allows the passage of certain small molecules or ions but blocks others.