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.A national income of 1200 results in desired aggregate expenditure of
A) 560.
B) 926.
C) 1004.
D) 1016.
E) 1148.
Correct Answer:
Verified
Correct Answer:
Verified
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