If C = $7,000 . + 0.75(Y) and intended investment is $2,000 . then the equilibrium level of national income will be
a. $1,500
b. $5,142
c. $36,000
d. $9,500
e. $9,000
C
You might also like to view...
The difference between the interest rate on loans to households and firms and the interest rate on completely safe assets is known as ________
A) the fed funds rate B) the discount rate C) asymmetric information D) the credit spread
The aggregate demand curve:
a. shows the level of real GDP purchased in the economy at different possible price levels during a period of time. b. shows the level of real GDP produced in the economy at different possible price levels during a period of time. c. shifts to the left whenever there is an increase in aggregate expenditures. d. slopes upward.
An example of in-kind assistance to the poor is AFDC
Indicate whether the statement is true or false
When the money market is drawn with the value of money on the vertical axis, an increase in the price level causes a
a. shift to the right of the money demand curve. b. shift to the left of the money demand curve. c. movement to the left along the money demand curve. d. movement to the right along the money demand curve.