A recent collapse in housing values has led autonomous spending to decrease by $1.2 trillion. Examine the effects of this decrease in housing values by identifying (1) the amount of autonomous spending before this decrease, (2) the amount of induced spending before the decrease in autonomous spending, (3) the level of equilibrium Real GDP before the decrease in autonomous spending, (4) the value of the spending multiplier, (5) the level of equilibrium Real GDP after the decrease in autonomous spending, (6) the amount of autonomous spending after the decrease in autonomous spending, and (7) the amount of induced spending after the decrease in autonomous spending,. Your answer should explain how you identified these elements, and it should reference economic logic...not only the relevant calculations