Question: please answer Question 3 1 pts Consider a simple Keynesian model where Y = C + l + (3. consumption is given by the function

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Question 3 1 pts Consider a simple Keynesian model where Y = C + l + (3. consumption is given by the function C = 150 + (1/3)?! - Tl. government purchases G = 17. investment is l = 40. and taxes are T = 21. Which of the following is TRUE? 0 The government runs a budget decit O Equilibrium GDP is 299 O The multiplier is 3.0 o Equilibrium disposable income is 280 Question 5 Consider a simple Keynesian model without government spending or taxation. Suppose autonomous consumption is 500 and autonomous investment is 200 and the equilibrium level of output is 2800. Then the marginal propensity to consume is: 0 1/2 0 3/4 a 1x4 0 1x3

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