answer please

Question 3 [10 points] Answer the questions below based on the following economy: 0 = 2,500 + 0.5(v- n I= I0 = 1,000 G = G0 = 1,500 X = 900 [M = 400 T: To = 2,500 Yp = 12,000 Note: Keep as much precision as possible during your calculations. Your nal answer should be accurate to at least two decimal places. 3) Find autonomous expenditure. Autonomous Expenditure = $ b) Find the multiplier. [Multiplier = n I c) Find short-run equilibrium output. lShort-run Equilibrium Output = $ I d) Find the output gap. Output Gap = $ e) By how much would autonomous expenditure have to change to eliminate the output gap? SUBMIT AND MARK SAVE AND CLOSE