Multiple Choice
Consider a simple macro model with a constant price level and demand-determined output.The equations of the model are: C = 150 + 0.84Y,I = 400,G = 700,T = 0,X = 130,IM = 0.08Y.Desired consumption expenditure at equilibrium national income is
A) 1675.44.
B) 4060.04.
C) 4830.00.
D) 4980.00.
E) 6815.40.
Correct Answer:
Verified
Correct Answer:
Verified
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