Classify the System as Consistent or Inconsistent, and Dependent or Independent

question 91

Multiple Choice

Classify the system as consistent or inconsistent, and dependent or independent.
-4x + 2y = 8
2x - y = 4

• A)Inconsistent and dependent
• B)Consistent and independent
• C)Consistent and dependent
• D)Inconsistent and independent

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Definitions:

Net Taxes

The difference between taxes paid to the government and transfers received from the government.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price, where market supply and demand balance each other.

SRAS Curve

Short-Run Aggregate Supply curve, representing the relationship between the total supply of goods and services and the price level in the short run.

Real GDP

The measure of the value of all final goods and services produced within a country adjusted for inflation or deflation.