Question: Consider a simple macro model with a constant price level and demand-determined output. The equations of the model are: C = 150 + 0.84Y, /

Consider a simple macro model with a constant price level and demand-determined output. The equations of the model are: C = 150 + 0.84Y, / = 400, G = 700, T = 0, X = 130, IM = 0.08Y. Desired consumption expenditure at equilibrium national income is Select one: O a. 4980.00. O b. 1675.44. O c. 6815.40. O d. 4830.00. O e. 4060.04

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Consider a simple macro model with a constant price level and demand-determined output. The equations of the model are C = 120 + 0.25YI 300, G = 520; T = 0; x = 180; IM = 0.12Y The vertical intercept...

I need to show work, thank yoi Instructions: For the following question, write your answers in the space provided. Show all work. Answers must be hand-written. Upload pdf le to the assignment folder...

Question 1 Consider a simple macro model with a constant price level and demand-determined output. We are given the following equations: C = 420 + 0.72Y, I = 200, G = 300, T = 0.2Y, X = 280, IM =...

Consider a simple macro model with a constant price level and demand-determined output. We are given the following equations: C = 220 + 0.9Y, I = 200, G = 100, T = 0.1Y, X = 80, IM = 0.11Y. Calculate...

Consider a simple macro model with a constant price level and demand - determined output. If the simple multiplier Ks = 1 . 2 5 and there is a $ 1 2 0 million increase in autonomous investment...

Consider a simple macro model with a constant price level and demand-determined output. We are given the following equations: C = 420 + 0.9Yd, I = 200, G = 300,T = 0.2Y, X = 280, IM = 0.12Y. a) The...

1. Consider the simple macro model with a constant price level and demand-determined output. If the government decreases its autonomous expenditures by 40 billion, causing equilibrium national income...

Consider the simple macro model with a constant price level and demand-determined output. The specific parameter values and collected data are given below for the following questions: (Assume a...

- Please explain WHY the answer for question 16 is B. - Please explain WHY the answer for question 38 is B. - Please explain WHY the answer for question 57 is E. - Please explain WHY the answer for...

Simple model and fiscal policy Econ 1221 Assignment Ch22 - The Simple Model & Fiscal Policy Instructions: For the following question, write your answers in the space provided. Answers must be...

Repeat Problem 982 using constant specific heats at room temperature.

The responses of 1009 adults who were asked whether they would vote for or against a law that would allow undocumented immigrants living in the United States the chance to become legal residents or...

A crisis at maturity is related to term structure and default risk simultaneously True False

Continuing from the previous problem, suppose later in the day the customer arrival rate (customers per hour) will be five times as many per hour vs. the original problem. We respond by using five...

9. Give an example of how the word because can trigger a cognitive reflex in another party.

7. Give an example of how the authority principle can be used to influence others.

8. Give an example of how the scarcity principle can be used to influence others.