Consider the following hypothetical economy: Y G (X-IM) K 2,500 360 200 -100 3,000 360 200 -100 3,500 360 200 -100 4,000 360 200 -100 4,500 360 200 -100 Taxes are 200 for all levels of GDP, and consumption function for this economy is given by: C= 400 +.8DI a- Find the equilibrium level of GDP numerically and graphically. (Graph paper can be downloaded from "Course Materials" page of Bb.) b- At equilibrium level of GDP how much is being saved? c- If potential GDP for this economy is 4,000 what is the magnitude of inflationary (recessionary) gap? d- If government increases G by 100, what will be the new equilibrium level of GDP? e- If the government instead cuts the taxes by 100, what will be the new equilibrium level of GDP? f- Show the impact of parts d and e in your graph