C = 600 + 0.8Y T = 80 I = 150 G = 100 - 0.2Y i) Find equilibrium income. 3 pts ii) What is the value of the multiplier. What does the multiplier suggest? 2 pts iii) Show your results on the appropriate diagram. 3 pts iv) Assume government spending increases by 50, find the new equilibrium income. 3 pts v) What is the new value of the multiplier, if applicable. 2 pts vi) Show this increase on a new diagram. Make sure you show the multiplier effect. 4 pts vii) From the situation in vi), now assume the marginal propensity to consume increases by 0.1. What is the new value of Y? 3 pts viii) What is the new value of the multiplier, if applicable. 2 pts ix) Show this increase on a new diagram. Make sure you show the multiplier effect. 4 pts