Fill in the blanks to make the following statements correct. a. If actual national income is $200 billion and desired aggregate expenditure is $250 billion, inventories may begin to |:|. firms will V the level of output, and national income will V l b. If households experience an increase in wealth that leads to an increase in desired consumption, the AE curve will shift ':J. Equilibrium national income will I: to the level indicated by the intersection of the AE curve with the [3 line. c. When autonomous desired expenditure increases by $10 billion, national income will increase by El than $10 billion. The magnitude of the change in national income is measured by the |:| d. The larger is the marginal propensity to spend, the E is the multiplier. Where 2 is the marginal propensity to spend. the multiplier is equal to E. The autonomous consumption expenditures and autonomous investment expenditures in an economy are $500 and $400. respectively. It is also observed that individuals spend 70% of their additional income on consumption. Write down the consumption function for this economy using the information provided above. (Round your response for the Intercept term to the nearest whore number and for the stone term to one decimal place.) c=|:]+]:|Y Write down the aggregate expenditure function for this economy using the information provided above. (Round your response for the intercept term to the nearest whore number and for the slope term to one decimal place.) AE=|:|+[:|Y The equilibrium income that would set the actual national income to the desired aggregate expenditure is $:|. (Round your response to the nearest dollar.) If the actual national income were $4,500 in this economy, then the inventories ofthe firms would be El and rms would |:| their output