ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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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 = 60+0.35Y, /= 160, G=320, T=0, X=115, IM=0.10Y. A national income of 1,100 results in desired aggregate expenditure of A. 655 B. 765 O C. 555 O D. 1,150 OE. 930
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Transcribed Image Text:Consider a simple macro model with a constant price level and demand-determined output. The equations of the model are: C = 60+0.35Y, /= 160, G=320, T=0, X=115, IM=0.10Y. A national income of 1,100 results in desired aggregate expenditure of A. 655 B. 765 O C. 555 O D. 1,150 OE. 930
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