Consider the Simplest Macro Model with Demand-Determined Output

question 22

Multiple Choice

Consider the simplest macro model with demand-determined output.The equations are: C = 150 + 0.8Yd,Yd = Y-T,I = 400,G = 700,T = .2Y,X = 130,and IM = 0.14Y.Autonomous expenditures in this model are

• A)1120.
• B)1350.
• C)1380.
• D)2700.
• E)5400.

---

Definitions:

Witness Signature

A signature by an uninvolved party on a document, acknowledging they observed the signing process and verifying its authenticity.

Notary Public

A public officer authorized to witness the signing of important documents, administer oaths, and perform other administrative functions.

High School Teacher

An educator who instructs students in grades 9 through 12 in a variety of academic subjects.

University Professor

An academic title for a higher-level educator and researcher at a college or university, typically involved in teaching and scholarship.