Consider a simple macro model with a constant price level and demand-determined output.The equations of the model are: C = 150 + 0.8Yd,Yd = Y-T,I = 400,G = 700,T = 0.2Y,X = 130,and IM = 0.14Y.Equilibrium national income in this model is
A)1120.
B)1350.
C)2240.
D)2760.
E)5400.

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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 = 150 + 0.8Yd,Yd = Y-T,I = 400,G = 700,T = 0.2Y,X = 130,and IM = 0.14Y.Equilibrium national income in this model is
A)1120.
B)1350.
C)2240.
D)2760.
E)5400.

Consider a Simple Macro Model with a Constant Price Level