Answer the questions below based on the following economy:

C = 4,000 + 0.25(Y - T)

I = I₀ = 1,500G = G₀ = 1,500X = 300IM = 100T = T₀ = 2,500Y_p = 11,000

Note: Keep as much precision as possible during your calculations. Your final answer should be accurate to at least two decimal places.

a) Find autonomous expenditure.

Autonomous Expenditure = $

b) Find the multiplier.

Multiplier =

c) Find short-run equilibrium output.

Short-run Equilibrium Output = $

d) Find the output gap.

Output Gap = $

e) By how much would autonomous expenditure have to change to eliminate the output gap?

(Select Change)

by $