Consider the Following Information Describing an Economy with Demand-Determined Output

question 99

Multiple Choice

Consider the following information describing an economy with demand-determined output.There is no government or foreign trade.All dollar figures are in billions.
1.equilibrium condition is Y = C + I
2.marginal propensity to save = 0.20
3.the autonomous part of C is $50
4.investment is autonomous and equals $25
TABLE 21-5
-Refer to Table 21-5.The equilibrium level of national income is

• A)$375.
• B)$249.
• C)$155.
• D)$75.
• E)$93.75.

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Definitions:

Electroconvulsive Therapy

A medical treatment most commonly used for severe depression, involving electric currents passed through the brain to induce seizures.

Suicidal Behavior

Involves actions taken towards self-harm with the intention to end one's life.

Depressed

A mood disorder marked by significant and persistent feelings of sadness and hopelessness.

Electroconvulsive Therapy (ECT)

A medical treatment most commonly used for severe depression, involving electrical stimulation of the brain under anesthesia.