Use the following macroeconomic model structure to answer the questions followed. note that you must show your work of estimations for these numerical multiple-choice questions for gradable credit. without showing your works of estimation, your answers won’t credible for take-home exam. 8 pts c = 300 + 0.8yd; c = consumption function; yd (y-t) = disposable income i = 200; i = investment g = 400; g = government expenditure t = 200; t = tax revenue also assume that yf = full employment gdp (potential gdp) = 5,000

6.1. the equilibrium gdp level (income) is hint: ye = c+i+g a. 2,850 b. 3,700 c. 3,145 d. 3,800

6.2. at the equilibrium level of output, the aggregate consumption level is: a. 3,100 b. 3,250 c. 3,400 d. 3,625

6.3. at the equilibrium level of output, the aggregate saving level is: a. 550 b. 450 c. 400 d. 350

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

answer; niosh, the national institute for occupational safety and health;

consumer credit. an advantage is that it allows consumers to afford expensive goods and services now, increasing their standard of living. however, a disadvantage is that it creates a trap for debt, if people do not have self control, they may see themselves filing personal bankruptcy.