Multiple Choice
Which of the following equations illustrates the equilibrium level of income with respect to the simple Keynesian closed-economy model?
A) Y = [1/(1 − b) ](a − bT − I + G)
B) Y = [1/(1 − b) ](a + bT + I + G)
C) Y = [1/(1 + b) ](a − bT − I − G)
D) Y = [1/(1 − b) ](a − bT + I + G)
E) Y = (1 − b) (a + bT + I + G)
Correct Answer:

Verified
Correct Answer:
Verified
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