Answer Happy

TO write wetu 1.or unchanged 1. In an economy MPC is constant and the full employment level of output is 7.000, o 14G G c Future Output Change 900 a) Complete the table below. Y T Ya FY-T BCS 0 200 -200 400-600 500 2,000 200 1800 2,000 4,000 200 3800 3,600 200 500 6,000 200 5800 5200 boo 500 8,000 200 7800 1000 1000 500 Y-(C+1) AE Unplanned S+T ECHO Inventory G Change 20D -900 -400 2800 - 500 D 4-400 -100 100 600D 200 800 7600 700 300 300 300 -200 500 800 300 900 900 800 300 1700 (b) What are the government spending multiplier, tax multiplier, and balanced-budget multiplier? (c) What are the consumption function and saving function? (d) What amount of change in government spending is required to achieve full employment and what will be the consumption, saving, and budget deficit after the change? when equilibrium output=7,000 TIM (e) What amount of balanced-budget changes in government spending and tax are required to achieve fu employment and what will be the consumption, saving, and budget deficit after the change?