If C = 500 + 0

question 58

Multiple Choice

If C = 500 + 0.5Y and I = 400, then the equilibrium level of income is:

• A) 1,800.
• B) 900.
• C) 4,000.
• D) 2,500.

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Definitions:

Higher Education

An advanced educational level that follows the completion of secondary education, such as college or university studies.

Ethnic Identity Development

The process through which individuals come to understand and identify with their ethnic group, including learning about its culture, history, and language.

Unexamined Ethnic Identity

An initial stage in ethnic identity development where individuals have not yet explored or questioned their cultural background.

Dominant Culture

The culture of the majority or the most powerful group in society, which often sets norms and standards that others are expected to follow.