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.Equilibrium national income is
A) 2037.48.
B) 3615.24.
C) 4000.00.
D) 4307.69.
E) 8000.00.
Correct Answer:
Verified
Correct Answer:
Verified
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