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Convert F or Excel | TEST YOURSELF | Select PD Macroed collections are Find the equilibrium of this economy graphically. What onents of aggre- is the marginal propensity to consume? What is the mul- tiplier? What would happen to equilibrium GDP if gov- Convert to ernment purchases were reduced by $60 and the price Microsof G (X - IM) level remained unchanged? $500 $30 2. Consider an economy similar to that in the preceding Document 500 30 question in which investment is also $200, government 500 purchases are also $500, net exports are also $30, and the English (U 30 500 30 price level is also fixed. But taxes now vary with income 500 30 ts Reserved. May not be copied