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.Total autonomous spending in this model is
A) 120.0.
B) 1120.0.
C) 420.0.
D) 600.0.
E) 828.8.
Correct Answer:
Verified
Correct Answer:
Verified
Q72: Consider a simple macro model with a
Q73: In our simple macro model with government
Q74: The diagram below shows desired aggregate expenditure
Q75: Consider a simple macro model with a
Q76: The table below shows national income and
Q78: Consider a simple macro model with a
Q79: Consider a simple macro model with a
Q80: The diagram below shows desired aggregate expenditure
Q81: Suppose the marginal propensity to consume out
Q82: Consider a simple macro model with demand-determined