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For the data in the following table, the consumption function is C = 150 + 0.6() - 7). Fill in the columns in the table:

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For the data in the following table, the consumption function is C = 150 + 0.6() - 7). Fill in the columns in the table: PLANNED PLANNED UNPLANNED NET DISPOSABLE CONSUMPTION INVESTMENT GOVERNMENT AGGREGATE INVENTORY OUTPUT TAXES INCOME SPENDING SAVING SPENDING PURCHASES EXPENDITURES CHANGE 1,050 50 150 200 1,550 50 150 200 2,050 50 150 200 Use your answers in the previous problem to answer the following questions: 1) How much of an increase in spending would be required to generate an increase of 300 in the equilibrium level of output? - . . . . - 2) How much of a decrease in taxes would be required to generate an increase of 300 in the equilibrium level of output? 3) If you want to increase the output level by 300 without increasing the deficit, how much of a simultaneous increase in government spending (G) and taxes (T) would do it? - . . . . . - . . . . . - - - Sketch a figure showing the relationship between the aggregate output (Y) and the planned aggregate expenditure (AE)

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