In the Keynesian cross , assume the Consumption Function is given by : C= 200 + 0.75 (Y-T). Planned investment is 100; government purchases and taxes are both 100. What is the equilibrium level of Income?

In the Keynesian cross, assume the following equation gives the consumption function.𝐶 ൌ 200 ൅ 0.75ሺ𝑌 െ 𝑇ሻPlanned investment is 100, and government purchases and taxes are both 100.(a) Graph planned expenditure as a function of income.(b) What is the equilibrium level of income?(c) If government purchases increase to 125, what is the new equilibrium income?(d) What level of government purchases is needed to achieve an income of 1,600?

Consider the following economy:(1) C = 1000 + 0.3 (Y - T)(2) I = 700(3) G = 500(4) T = 100+0.1YWhat is the income of equilibrium? Note that now taxes change with income.

In the Keynesian cross, assume the consumption function is given by C=200+0.7(Y-T), planned investment is 300, and government purchases is 150 and taxes is 120. In this case, autonomous expenditure equals _______.A.200B.650C.566D.490

In the classical model, assuming that the equilibrium GDP (Y) is 3,000. Consumption (C) is given by the equation C = 270 + 0.9 (Y-T). Taxes (T) equal 300, and government spending (G) is 250. What is equilibrium investment?

In an economy, the consumption function is C = 500 + 0.75Y , (where C is consumption expenditureand Y is income. Calculate the equilibrium level of income and consumption expenditure, wheninvestment expenditure is 5,000