Use the following information to answer the question below.C = 1000 + .8(Y-T)I = 800G = 2000T = 1000The equation for household saving, S, for the above economy is:Group of answer choices-1000 + .8(Y-T)-1000 + .2(Y-T)-1000 - .2(Y-T)3000 + .2Y

Consider the following economyC=1000+0.4(Y-T)I=500T=400G=300Autonomous spending is:

Consider the following economyC=1000+0.4(Y-T)I=500T=400G=300What is the consumption of equilibrium?

(1)C=1000+0.4(Y−T)(2)I=500(3)G=400(4)T=300 Write down the equilibrium values for:AD*= , y*= , c*= , I*= , G*=, T*= , M=, MPC=👍👀✅Acein a few secondsLet's solve this step by step:1. The aggregate demand (AD) is the sum of consumption (C), investment (I), and government spending (G). So, AD = C + I + G.2. Substituting the given equations into the AD equation, we get AD = (1000 + 0.4(Y - 300)) + 500 + 400.3. Simplifying this, we get AD = 1400 + 0.4Y.4. In equilibrium, aggregate demand equals income (Y), so we can set AD = Y to find the equilibrium income. Solving the equation 1400 + 0.4Y = Y gives us Y* = 2333.33.5. Substituting Y* into the consumption function gives us C* = 1000 + 0.4(2333.33 - 300) = 1413.33.6. The investment, government spending, and taxes are given as I* = 500, G* = 400, and T* = 300.7. The marginal propensity to consume (MPC) is the slope of the consumption function, which is 0.4 in this case.8. The value for M is not given in the equations, and without additional information, we cannot determine its value.

With the Consumption function: C=200+ 0.75(Y-T) and each of G, I and T being 100 what is the value of the Government purchase Multiplier?

The following equations describe an economy. (Think ofC,I,G, etc., as being measured in billions andias a percentage; a 5 percent interest rate impliesi=5.) \[ \begin{aligned} C & =0.8(1-t) Y \\ t & =0.25 \\ I & =900-50 i \\ \bar{G} & =800 \\ L & =0.25 Y-62.5 i \\ \bar{M} / \bar{P} & =500 \end{aligned} \] a. What is the equation that describes theIScurve? b. What is the general definition of theIScurve? c. What is the equation that describes theLMcurve? d. What is the general definition of theLMcurve? e. What are the equilibrium levels of income and the interest rate?