An economy with zero net exports is described below. C = 40 + 0.75 (Y - T) IP - 100 G = 150 NX = @ T 180 The multiplier in this economy is 4. a. Find short-run equilibrium output. Instructions: Enter your responses as whole numbers Short run equilibrium output: O b. Economic recovery abroad increases the demand for the country's exports, as a result, NX rises to 75. Short-run equilibrium output Click to select to increases Assume that foreign econ decreases 9. reducing the demand for the country's exports, so that NX=-75. (A negative value of net exports means that exports are less than imports) Short-run equilibrium output (Click to select to d. Which of the following best describes the tendency of recessions and expansions to spread across countries Lower planned aggregate spending abroad will reduce the amount of investment that flows into domestic industries from other countries, thereby reducing domestic short-term equilibrium output. O Lower planned aggregate spending in a nation means less imports of foreign goods, thereby reducing the short-term equilibrium output of its trading partners through lower net export (NX) values in those nations O Lower planned aggregate spending abroad means that fewer goods will be exported from a specific nation, leaving more goods available for domestic consumption() in that nation, which will increase its short-term equilibrium output O Lower planned aggregate spending in one nation will reduce the amount of goods it exports abroad, thereby lowering the value of imports for its trading partners, which will reduce its short-term equilibrium output as well