Question: 2. Consider the simplest macro model with demand-determined output. The equations are: C = 150 + 0.8Yd, Yd = Y-T, I = 400, G =

2. Consider the simplest macro model with demand-determined output. The equations are: C = 150 + 0.8Yd, Yd = Y-T, I = 400, G = 700, T=.2Y, X = 130, and IM = 0.14Y. a. What is the Marginal Propensity to Consume (MPC) in this model? b. What is the Marginal Propensity to import? C. What is the total autonomous expenditure

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