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
Chapter1: Making Economics Decisions
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5078df24-99bc-4b8b-acaa-653e731412a0%2Fbffe2dae-9646-4997-aa5f-6e5b6d61f7c7%2F5c9l9rb_processed.jpeg&w=3840&q=75)
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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