Multiple Choice
Suppose C = 100 + 0.6(Y - T) and T = 200,I = 140,G = 250 and NX = 50 - 0.2Y.Short-run equilibrium output in this economy equals
A) 1,050.
B) 525.
C) 900.
D) 700.
E) 1,250.
Correct Answer:
Verified
Correct Answer:
Verified
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