Consider a simple macro model with a constant price level and demand-determined output.The equations of the model are: C = 120 + 0.86Y,I = 300,G = 520,T = 0,X = 180,IM = 0.12Y.Desired consumption expenditure at equilibrium national income is
A)3113.54.
B)3307.73.
C)3824.61.
D)4250.00
E)Not enough information to determine

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The Answer of Consider a simple macro model with a constant price level and demand-determined output.The equations of the model are: C = 120 + 0.86Y,I = 300,G = 520,T = 0,X = 180,IM = 0.12Y.Desired consumption expenditure at equilibrium national income is
A)3113.54.
B)3307.73.
C)3824.61.
D)4250.00
E)Not enough information to determine

Consider a Simple Macro Model with a Constant Price Level