Multiple Choice
If C = 100 + 0.6Y and I = 50, then the equilibrium level of income is:
A) 525.
B) 390.
C) 375.
D) 450.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q60: If the marginal propensity to consume is
Q61: An increase in the government expenditures will:<br>A)
Q62: Recall Application 2, "Using Long-Term Macro Data
Q63: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5231/.jpg" alt=" Figure 11.2 -Refer
Q64: Uncertainty about the future is likely to:<br>A)
Q66: The marginal propensity to consume can be
Q67: Assume that the consumption function is C
Q68: If the marginal propensity to consume is
Q69: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5231/.jpg" alt=" -Refer to Table
Q70: Recall Application 3, "John Maynard Keynes: A