Assume That Equilibrium GDP (Y) Is 5,000

question 11

Multiple Choice

Assume that equilibrium GDP (Y) is 5,000. Consumption is given by the equation C = 500 + 0.6 (Y - T) . Taxes (T) are equal to 600. Government spending is equal to 1,000. Investment is given by the equation I = 2,160 - 100r, where r is the real interest rate in percent. In this case, the equilibrium real interest rate is:

• A)5 percent.
• B)8 percent.
• C)10 percent.
• D)13 percent.

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Definitions:

Osteons

Osteons are the structural unit of compact bone, consisting of a central canal called a Haversian canal, surrounded by concentric rings of calcified matrix and containing the bone's blood supply.

Central Canals

Hollow spaces within the spinal cord that contain cerebrospinal fluid, playing a crucial role in the protection and nourishment of the spinal cord.

Neuroglial Cells

Specialized cells in the nervous system that provide support, protection, and nutrition to neurons, playing a crucial role in the maintenance of the neural environment.

Neurons

Cells of the nervous system specialized in conducting electrical impulses, allowing communication between the brain and different parts of the body.