The Next Questions Refer to the Following Simple Keynesian Model

question 50

Multiple Choice

The next questions refer to the following simple Keynesian model.
Suppose C = 1000 + .9Y, G = 400, I = 100, (X - IM) = 0, and there are no income taxes.
-The equilibrium level of national income is

• A) 15,000
• B) 13,500
• C) 1,500
• D) 5,000
• E) 4,500

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Definitions:

Invasive Species

Non-native organisms that significantly alter or damage the habitats they invade, often outcompeting local species and leading to biodiversity loss.

Habitat Fragmentation

The process by which habitat loss results in the division of large, continuous habitats into smaller, more isolated remnants.

Local Extinction

The condition in which a species disappears from a particular area but continues to exist elsewhere in the wild or in captivity.

Disease

A disorder of structure or function in a human, animal, or plant, especially one that produces specific symptoms or affects a specific location and is not simply a direct result of physical injury.