Suppose that the linear equation for consumption in a hypothetical economy is C=40 + 0. ( 1 ) What is the level of autonomous consumption, MPC, and...

2.   Suppose that the linear equation for consumption in a hypothetical economy is C=40 + 0.8 Y. (1) What is the level of autonomous consumption, MPC, and MPS for this economy. (2) Find the break-even level of income. (3) Suppose that income (Y) is $400. (4) Determine the levels of consumption, savings, APC, and APS.