2. The graph below represents the saving function for a certain economy. In this economy people always save 25 cents of any additional dollar in disposable income. We also have the following information about the economy (assume prices are fixed): Ip=500G=300T=300X=150IM=100+.15Y a. Write out the consumption equation. b. Calculate the planned aggregate expenditure function (AEp) for this economy and solve for the equilibrium level of output. c. If consumers' expectations about their future incomes increase, what impact will that have on the savings curve illustrated above? Explain and illustrate. 2. The graph below represents the saving function for a certain economy. In this economy people always save 25 cents of any additional dollar in disposable income. We also have the following information about the economy (assume prices are fixed): Ip=500G=300T=300X=150IM=100+.15Y a. Write out the consumption equation. b. Calculate the planned aggregate expenditure function (AEp) for this economy and solve for the equilibrium level of output. c. If consumers' expectations about their future incomes increase, what impact will that have on the savings curve illustrated above? Explain and illustrate