Multiple Choice
Consider the following information describing an economy with demand-determined output.There is no government or foreign trade.All dollar figures are in billions.
1.equilibrium condition is Y = C + I
2.marginal propensity to save = 0.20
3.the autonomous part of C is $50
4.investment is autonomous and equals $25
TABLE 21-5
-Refer to Table 21-5.The equilibrium level of national income is
A) $375.
B) $249.
C) $155.
D) $75.
E) $93.75.
Correct Answer:

Verified
Correct Answer:
Verified
Q57: Desired consumption divided by disposable income is
Q69: In general,the marginal propensity to spend is
Q89: Suppose the price level is constant,output is
Q97: Consider the following information for an economy
Q98: Consider a simple macro model with a
Q102: Consider the following information concerning an economy
Q103: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5441/.jpg" alt=" FIGURE 21-3 -Refer
Q110: Consider a simple macro model with a
Q119: Consider a simple macro model with a
Q147: Consider the simplest macroeconomic model,with a closed