Consider a Simple Macro Model with a Constant Price Level

question 130

Multiple Choice

Consider a simple macro model with a constant price level and demand-determined output.The equations of the model are: C = 120 + 0.86Y,I = 300,G = 520,T = 0,X = 180,IM = 0.12Y.Desired consumption expenditure at equilibrium national income is

• A)3113.5.
• B)3307.7.
• C)3824.6.
• D)4250.
• E)Not enough information to determine

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