Consider the following information describing an economy with demand-determined output. There is no government or foreign trade. 1. the equilibrium condition is Y=C+/ 2. the marginal propensity to save = 0.40 3. the autonomous part of C is $53 4. investment is autonomous and equals $40 The equilibrium level of national income is OA. $233. OB. $155. O C. $53. O D. $186.65. O E. $193. ***
Consider the following information describing an economy with demand-determined output. There is no government or foreign trade. 1. the equilibrium condition is Y=C+/ 2. the marginal propensity to save = 0.40 3. the autonomous part of C is $53 4. investment is autonomous and equals $40 The equilibrium level of national income is OA. $233. OB. $155. O C. $53. O D. $186.65. O E. $193. ***
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Consider the following information describing an economy with demand-determined output. There is no government or
foreign trade.
1. the equilibrium condition is Y=C+/
2. the marginal propensity to save = 0.40
3. the autonomous part of C is $53
4. investment is autonomous and equals $40
The equilibrium level of national income is
O A. $233.
O B. $155.
O C. $53.
O D. $186.65.
O E. $193.
...](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0e9d7188-be96-40e5-887a-a0053b11645a%2F35f36e18-f9e7-4975-91fa-90de60ae1849%2Frowo06p_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Consider the following information describing an economy with demand-determined output. There is no government or
foreign trade.
1. the equilibrium condition is Y=C+/
2. the marginal propensity to save = 0.40
3. the autonomous part of C is $53
4. investment is autonomous and equals $40
The equilibrium level of national income is
O A. $233.
O B. $155.
O C. $53.
O D. $186.65.
O E. $193.
...
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