This question requires you to solve a macro model algebraically. The equations for the model are C=60+0.80YD T=0.40Y |=1OO X=150 G = 100 IM =0.25Y a. What is total autonomous expenditure? Total autonomous expenditure is $D. (Round your response to the nearest dollar.) Use the line drawing tool to draw and label the AE function in the graph to the right. Make sure that the line starts at Actual National Income level ofO and that passes through the point for the Actual National Income level of 100. Carefully follow the instructions above, and only draw the required objects. b. What is the slope of the AE function? The slope of the AE function is I. (Round your response to two decimal places.) c. Compute the equilibrium level of national income. The equilibrium level of national income is $|:|. (Round your response to the nearest dollar.) d. Suppose X rises from $150 to $200. How does this affect the level of national income? The level of national income |:l by $|:|. (Round your response to the nearest dollar.) e. What is the simple multiplier in this model? The simple multiplier is El. (Round your response to two decimal places.) AE function D 10 20 30 4O 50 60 7'0 80 90100110 Actual National Income 99 [3