If Y = C + Ii, C = 100 + .80Y, Ii = 100, the equilibrium level of income is
a. $200
b. $400
c. $600
d. $800
e. $1,000
E
Economics
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An exchange rate is the number of units of:
a. a nation's money that is equal to one unit of another nation's money. b. a nation's output that is equal to one unit of another nation's output. c. gold backing a nation's money. d. none of these.
Economics