Explain John M. Keynes View on the Economy: The U.S. government were increase spending by $650 billion due to the current crisis. Assume that MPC is .76 what is the total increase in GDP that will occur in the economy, use the multiplier equation? As of 2019 average American House hold has an autonomous spending Co of $18,576 with an MPC of .78. Write the consumption function for the household with income Y(d): e_+|,+x..+e 3 Refer to the diagram. By how much '5 so ; . CHM" does GDP increase when investment 5 an E spending increases by $20 million and 4 5 5 E by how much does GDP increases a \"in \"is\" \":25 when government spending increases '3'\" by $30 million? The size of the multipliers associated with changes in investment and government spending in this economy are: Refer to the diagram. The change in c + 1,. it\