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Problem 25-05 For an economy described by the following equations: c = 1,300 + 0.6 (y , T) 110 = 900 G = 1,500 N)! = 100 T = 1.500 W = 9,000 Assume that the multiplier for this economy is 2.5. Find the effect on short-run equilibrium output of: a. An increase in government purchases from 1,500 to 1,600. Instructions: Enter your responses as whole numbers. Short-run equilibrium output will increase v to 5900 . b. A decrease in tax collections from 1,500 to 1,400 (leaving government purchases at their original value). Short-run equilibrium output will decrease v to; IE. c. A decrease in planned investment spending from 900 to 800. Short-run equilibrium output will decrease v to