Question: Consider a simple macro model with a constant price level and demanddetermined output. The equations of the model are: C = 120 + 0.86Y, I

Consider a simple macro model with a constant price level and demanddetermined output. The equations of

the model are: C = 120 + 0.86Y, I = 300, G = 520, T = 0, X = 180, IM = 0.12Y. Equilibrium national income is

________.

A) 2 037.48 B) 3 615.24 C) 4 000.00 D) 4 307.70 E) 8 000.00

how we slove this

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