Question: 3. Given that C = 100+ 0.8Y; M = 150+ 0.2Y; I= 100 and X = 350, a) Determine the equilibrium income b) Show

3. Given that C = 100+ 0.8Y; M = 150+ 0.2Y; I = 100 and X = 350, a) Determine the equilibrium income b) Show

3. Given that C = 100+ 0.8Y; M = 150+ 0.2Y; I= 100 and X = 350, a) Determine the equilibrium income b) Show the results on two graphs with (i) Injections and leakages on the vertical axis (ii) Net injections and net domestic leakages on the vertical axis c) Determine the new equilibrium and show on graph when there is; i. An increase in X and I of 200 ii. A decrease in M of 100 iii. A decrease in S and M of 100

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