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2. Suppose that Yf= 14240, C = 220 + .75Y, I = 1400 - 20000i, i = 2.5% (use .025), and G = 1690. Find

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2. Suppose that Yf= 14240, C = 220 + .75Y, I = 1400 - 20000i, i = 2.5% (use .025), and G = 1690. Find Ye Compare Ye to Y to determine if there is a gap. If so, show how to close the gap using each of the tools of fiscal policy. The gap is measured by AY, where AY = Yf- Ye

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