Suppose C = 100 + 0

Question 29

Multiple Choice

Suppose C = 100 + 0.6(Y - T) and T = 0.25Y,I = 150,G = 250 and NX = 50.Short-run equilibrium output in this economy equals

A) 500.
B) 600.
C) 800.
D) 1,000.
E) 1,200.

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