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9. Consider a country's aggregate demand which comprises four sectors (i.e., households, firms, government, and trade). The following equation represents the country's equilibrium output and

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9. Consider a country's aggregate demand which comprises four sectors (i.e., households, firms, government, and trade). The following equation represents the country's equilibrium output and income: Y* = - 1 1-c1(1-t)+m (Co + I(r) + G + X) where the multiplier is equal to 1.7. Assume that post-pandemic the country's autonomous consumption co increases by $100m, other things remaining the same. (i) How would this change impact output and income? Provide reasoning for your answer. (ii) What should the government do to cool down a heated economy

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