If the consumption function is given by C = 100 + .6(Y-T) and planned investment is 150,government spending is 50,and T is 100,then equilibrium income is
A) 600
B) 750
C) 400
D) 350
Correct Answer:
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Q2: If the government wishes to increase its
Q3: In the Keynesian model,exogenous variables include
A)planned investment.
B)taxes.
C)planned
Q4: Compared to the closed economy Keynesian model,the
Q5: If a fall in investment demand of
Q6: Assume that a government increases both government
Q7: Discuss the role of the price level
Q8: If the marginal propensity to save is
Q9: The short-run refers to a period
A)of a
Q10: If the marginal propensity to consume is
Q11: In the equation Y = (1/1 -
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