Question: consider a simple macro model with constant price level and demand-determined output. the equations of the model are: C =150+0.84Y I=400 G=700 T=0 X=130 IM=0.08Y

consider a simple macro model with constant price level and demand-determined output. the equations of the model are:

C =150+0.84Y

I=400

G=700

T=0

X=130

IM=0.08Y

THE TRADE BALANCE AT EQUILIBRIUM NATIONAL INCOME IS

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