Consider a closed economy to which the Keynesian-cross analysis applies as follows C=300+0.

Consider a closed economy to which the Keynesian-cross analysis applies as follows

C=300+0.5(Y-T)

T = 400

I = 400

G = 400

C = Consumption

T = Taxes

I = Planned Investment

G = Government Spending

Part 1: If y = 1500 what is planned spending?

Part 2: What is the value of inventory accumulation (use - symbol if negative)?

Part 3: What is Equilibrium Y?

Part 4: what is equilibrium consumption?

Part 5: What is private saving?

Part 6: What is public saving?

Part 7: What is national saving?

Part 8: if G is reduced to 200, how much does equilibrium income decrease (Use - for decrease)

Part 9: What is the multiplier for government spending?