Multiple Choice
Consider the following information describing an economy with demand-determined output.There is no government or foreign trade.All dollar figures are in billions. 1.equilibrium condition is Y = C + I
2.marginal propensity to save = 0.20
3.the autonomous part of C is $50
4.investment is autonomous and equals $25
TABLE 21-5
Refer to Table 21-5.The equilibrium level of national income is
A) $375.
B) $249.
C) $155.
D) $75.
E) $93.75.
Correct Answer:

Verified
Correct Answer:
Verified
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