Consider the following information for an economy with demand-determined output and a constant price level.There is no government or foreign trade. TABLE 21-8
-Refer to Table 21-8.This economy's equilibrium level of national income is
A)500.
B)600.
C)750.
D)1000.
E)1500.

Question

Consider the following information for an economy with demand-determined output and a constant price level.There is no government or foreign trade.  TABLE 21-8
-Refer to Table 21-8.This economy's equilibrium level of national income is
A)500. 
B)600. 
C)750. 
D)1000. 
E)1500.

Quizplus · Accepted Answer

The Answer of Consider the following information for an economy with demand-determined output and a constant price level.There is no government or foreign trade.  TABLE 21-8
-Refer to Table 21-8.This economy's equilibrium level of national income is
A)500. 
B)600. 
C)750. 
D)1000. 
E)1500.

Consider the Following Information for an Economy with Demand-Determined Output