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Consider a simple macro model with a constant price level and demand-determined output. The equations of the model are: C= 50 + 0.35Y, I= 150, G = 290, T=0, X= 100, IM = 0.06Y. A national income of 1,000 results in desired aggregate expenditure of O A. 650 O B. 1,000 OC. 590 O D. 460 O E. 880

Consider a simple macro model with a constant price level and demand-determined output. The equations of the model are: C= 50 + 0.35Y, I= 150, G = 290, T=0, X= 100, IM = 0.06Y. A national income of 1,000 results in desired aggregate expenditure of O A. 650 O B. 1,000 OC. 590 O D. 460 O E. 880

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Consider a simple macro model with a constant price level and demand-determined output. The equations of the model are: C = 50 + 0.35Y, I= 150, G = 290, T= 0, X= 100, IM = 0.06Y. A national income of 1,000 results in desired aggregate expenditure of O A. 650 O B. 1,000 OC. 590 O D. 460 O E. 880
Transcribed Image Text:Consider a simple macro model with a constant price level and demand-determined output. The equations of the model are: C = 50 + 0.35Y, I= 150, G = 290, T= 0, X= 100, IM = 0.06Y. A national income of 1,000 results in desired aggregate expenditure of O A. 650 O B. 1,000 OC. 590 O D. 460 O E. 880
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