Multiple Choice
-Refer to the above diagram which is for a private closed economy.All figures are in billions of dollars.If businesses were willing to invest $30 at each possible level of GDP,the equilibrium level of GDP would be:
A) $462.5.
B) $435.
C) $420.
D) $380.
Correct Answer:

Verified
Correct Answer:
Verified
Q21: Suppose the multiplier is 4 and lump-sum
Q137: The letters Y,C,I<sub>g</sub>,X,and M stand for GDP,consumption,gross
Q139: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2474/.jpg" alt=" -Refer to the
Q140: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2474/.jpg" alt=" -Refer to the
Q143: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2474/.jpg" alt=" -Refer to the
Q147: The table shows a private,open economy.All figures
Q172: In reality, if a nation imposes tarrifs,
Q191: Suppose the economy is operating at its
Q205: In an aggregate expenditures diagram equal increases
Q226: An increase in taxes of a specific