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Congratulations. You've just been appointed economic adviser to the president of Examland. The impe is 0.5; autonomous investment is $1050; autonomous government spending is $7600,
Congratulations. You've just been appointed economic adviser to the president of Examland. The impe is 0.5; autonomous investment is $1050; autonomous government spending is $7600, autonomous consumption is $11000, and autonomous net exports are $700 Instructions: Enter your response rounded to the nearest whole number a. What is the equilibrium level of income in the country? Level of income: $ 49700 b. Autonomous net exports decrease by $500. What will hap pen to income? Income falls by $ c. You've just learned the mpe changed from 05 to 075. How will this information change your answers in a and bi Instructions: Enter your response rounded to the nearest whole number Level of income: $ If autonomous net exports decrease by $500, income (Click to select) ] by $
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