Multiple Choice
Consider a simple macro model with a constant price level and demand-determined output.The equations of the model are: C = 60 + 0.43Y,I = 150,G = 260,T = 0,X = 90,IM = 0.06Y.The vertical intercept of the AE function is
A) 60.0.
B) 210.0.
C) 300.0.
D) 414.4.
E) 560.0.
Correct Answer:
Verified
Correct Answer:
Verified
Q102: Consider the government's budget balance.Suppose G =
Q103: A fall in the Canadian-dollar price of
Q104: An increase in the value of the
Q105: The diagram below shows desired aggregate expenditure
Q106: Consider the simplest macro model with a
Q108: Consider a consumption function in a simple
Q109: Consider the government's budget balance.Suppose G =
Q110: Consider a macro model with a constant
Q111: Consider a simple macro model with a
Q112: Fiscal policy involves the government's use of