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    Exam 21: The Simplest Short-Run Macro Model
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    Consider the Following Information Concerning an Economy with Demand-Determined Output
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Consider the Following Information Concerning an Economy with Demand-Determined Output

Question 63

Question 63

Multiple Choice

Consider the following information concerning an economy with demand-determined output.There is no government or foreign trade. Consider the following information concerning an economy with demand-determined output.There is no government or foreign trade.   TABLE 21-7 Refer to Table 21-7.This economy's equilibrium level of national income is A) 500. B) 600. C) 750. D) 1000. E) 1500. TABLE 21-7 Refer to Table 21-7.This economy's equilibrium level of national income is


A) 500.
B) 600.
C) 750.
D) 1000.
E) 1500.

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