In Macroland, Autonomous Consumption Equals 100, the Marginal Propensity to Consume

question 110

Multiple Choice

In Macroland, autonomous consumption equals 100, the marginal propensity to consume equals 0.75, net taxes are fixed at 40, investment is fixed at 50, government purchases are fixed at 150, and net exports are fixed at 20. Short-run equilibrium output in this economy equals:

• A) 1,000.
• B) 1,160.
• C) 1,280.
• D) 1,440.

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Definitions:

Ketamine

A medication primarily used for starting and maintaining anesthesia, with secondary uses for pain and depression treatment.

Statutory Rape

Consensual sexual intercourse with a person under the age of consent.

Sexual Assaults

Any type of sexual contact or behavior that occurs without the explicit consent of the recipient, ranging from unwanted touching to rape.

Consent

The agreement to participate in a sexual activity, can only be given by an individual who has the legal and mental capacity to make informed decisions.