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    Exam 6: Building Blocks of the Flexible-Price Model
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    If C<sub>0</sub> Is $1 Trillion, C<sub>y</sub> Is
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If C0 Is $1 Trillion, Cy Is

Question 84

Question 84

Multiple Choice

If C0 is $1 trillion, Cy is .75, the tax rate is .20, and the level of national income is $10 trillion, consumption spending would equal


A) $8.5 trillion.
B) $7 trillion.
C) $3 trillion.
D) $6 trillion.

Correct Answer:

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