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53' gr 6' 3:9. Bo 0 33:15 on HO $5 :3 -500 1,060 Aggregate output, Y (billions of dollars) Answer the following question referring to

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\"53' gr 6' 3:9. Bo 0 33:15 on HO $5 :3 -500 1,060 Aggregate output, Y (billions of dollars) Answer the following question referring to Figure above. 3) Calculate the MP8 and M'PC. b) Write the equation for this household's consumption and saving mctions. c) Calculate how much the household saves at $400 level of income. d) Calculate how much the household consumes at $3,000 income level. 5) Assume there is no leakage from the banking system and that all commercial banks are loaned up. Ifthe required reserve ratio is 25%, and the Central Bank sells 2 million KD worth of government securities to the public, calculate the change in the money supply

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