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Consumption function: C = 150 + 0.8 (Y - T), Government expenditures: G = 300, Tax revenues: T = 250, Investment = 100 a. What

Consumption function: C = 150 + 0.8 (Y - T), Government expenditures: G = 300, Tax revenues: T = 250, Investment = 100 a. What is the budget surplus or deficit of Altruia? (5 points) b. What are the values of the government spending multiplier and the tax multiplier? (5 points) c. What are the equilibrium values of Y, consumption, and savings? (5 points) d. What will the equilibrium values of Y, consumption and savings be if taxes are increased by 50?

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