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    Exam 21: The Simplest Short-Run Macro Model
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    FIGURE 21-1 Refer to Figure 21-1
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FIGURE 21-1 Refer to Figure 21-1

Question 48

Question 48

Multiple Choice

  FIGURE 21-1 Refer to Figure 21-1.Desired consumption expenditures will equal disposable income at an income level of A) zero. B) Y<sub>1</sub>. C) Y<sub>2</sub>. D) Y<sub>3</sub>. E) more than Y<sub>3</sub>. FIGURE 21-1 Refer to Figure 21-1.Desired consumption expenditures will equal disposable income at an income level of


A) zero.
B) Y1.
C) Y2.
D) Y3.
E) more than Y3.

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