In a Certain Economy, the Components of Aggregate Spending Are

question 41

Multiple Choice

In a certain economy, the components of aggregate spending are given by: C = 60 + 0.6(Y - T) - 1,000r
I = 200 - 1,000r
G = 200
NX = 50
T = 100
Given the information about the economy above, what is the short-run equilibrium output if the real interest rate is 6 percent?

• A) 825
• B) 330
• C) 450
• D) 925

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The proportion or percentage in which a particular treatment, procedure, or strategy achieves its intended purpose.

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