Multiple Choice
Consider a macro model with demand-determined output.The equations 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
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