I'm not sure if I am doing this correctly, please show anyformulasand yourcalculations. I really want to know if I'm correct on this so I really appreciate the help!

The following graph shows Aggregate Demand, Short run Aggregate Supply and Long run Aggregate Supply for an economy. Use the graph to answer the following questions: Aggregate price level LRAS SRAS 170 - - 165 - AD 14.5 16 Real GDP A. Explain the state of the economy in one sentence, (Is the economy in an inflationary gap or recessionary gap) (1 points) B. How much is the GDP gap? (1 points) C. If MPC = 0.75, Compute the spending multiplier (3 points) Show all formulas and your calculations D. Following Keynesian economics, to restore full employment, the government should decrease its. spending by how much? (3 points) Show all formulas and your calculations E. What is the impact of the policy stated in section C on government Budget? (Explain in terms of changes in budget surplus or deficit) (2 points)