Given the following data, find the equilibrium value of national income Y.

• C=$300 + 0.8YD
• YD=Y - TA +TR,where TA=0.25Y and TR= $250
• Ip=$1000
• G=$1500

From the previous question, what is the value of the multiplier?

Given the following data, solve for equilibrium national income Y:

• C=$200+0.9375Y
• YD =Y -TA +TR,whereTA =tY= 0.2Y, and TR = 0
• Ip= $800
• G = $1,000

In the previous questions,AD=$2000+0.75Y.Whatis the value of the multiplier?

Using the same data from the previous question,Policymakers decide to pursue expansionary fiscal policy and increase G to $1,250.Find the new equilibrium value of Y.

• C=$200+0.9375Y
• YD =Y -TA +TR,whereTA =tY= 0.2Y, and TR = 0
• Ip= $800
• G =$1,250