Multiple Choice
Consider a simple macro model with a constant price level and demand-determined output.The equations of the model are: C = 150 + 0.8Yd,Yd = Y-T,I = 400,G = 700,T = 0.2Y,X = 130,and IM = 0.14Y.Equilibrium national income in this model is
A) 1120.
B) 1350.
C) 2240.
D) 2760.
E) 5400.
Correct Answer:
Verified
Correct Answer:
Verified
Q21: Consider a simple macro model with a
Q22: Consider the simplest macro model with demand-determined
Q23: Consider a consumption function in a simple
Q24: Consider the government's budget balance.Suppose G =
Q25: The diagrams below show the import,export,and net
Q27: Consider the net export function.An increase in
Q28: The AE function for an open economy
Q29: Consider a simple macro model with a
Q30: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7713/.jpg" alt=" FIGURE 22-4 Refer
Q31: In an open economy with government and