p 0 words > Question 2 2 pts Assume MPC is 0.9 and autonomous investment increases by $500 billion. What will be the impact on real GDP? Show all your work. Edit View Insert Format Tools Table 12pt V Paragraph |B I U A & TV : p :24: 1 0 words > > Question 3 4 ptsiza.instructure.com/courses/20721/quizzes/135950/take Question 3 4 pts Suppose the government wishes to eliminate an inflationary gap of $100 billion and the MPC is 0.5. a) how much must the government cut its spending? b) what would be the effect of the government increasing taxes by this amount? Edit View Insert Format Tools Table 12pt ~ Paragraph BIU AZ T V : p # 0 words > > !Answer all the questions. For full credit, show all your work. D Question 1 Disposable Income Consumption Savings MPC MPS $100 $150 $200 $200 $300 $250 $400 $300 a) calculate the savings schedule b) Determine the MPC and MPS c) Determine the break even income d) What is the relationship between MPC and MPS Edit View Insert Format Tools Table 12pt Y Paragraph ~ B I U A & TV