The following table shows some data on consumption at various levels of income. Income
Consumption
$0
$200
$1,000
$1,000
$2,000
$1,800
$3,000
$2,600
$4,000
$3,400
$5,000
$4,200
$6,000
$5,000
Investment spending is $600.If there is no government spending or net exports,the equilibrium income level is:
A) $1,000.
B) $2,000.
C) $3,000.
D) $4,000.
Correct Answer:
Verified
Q84: The idea of the spending multiplier is
Q86: Use the following to answer questions
Figure:
Q91: If the amount of spending in an
Q91: Which of the following statements about the
Q92: Keynes's insight during the Great Depression was
Q103: In the Keynesian framework, increments of spending,
Q109: Which of the following equations is NOT
Q115: In the simple Keynesian model, if desired
Q237: If autonomous investment spending falls by $1,000
Q246: When the economy is in equilibrium in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents