Hello I need help with an economics question and have provided the question via image. I need help with suppose the government enacts a "balanced budget" change in fiscal policy by lowering taxes and decreasing government spending. Assume the tax decrease affects both consumption and production spending. Use the slides in following exhibit to preview potential effects of this policy on aggregate supply (AS), aggregate demand (AD), and the market equilibrium (E) when the initial curves and equilibrium are given by AS1, AD1, and E1, respectively. The total effect of the change in spending and taxation is best represented by (View 1, View 2, View 3, View 4, or View 5?) Finally, the effect of government spending on aggregate demand would be zero if the marginal propensity to consume (MPC) were equal to one (True or False?). Here are the images below.

3. A graphical view of balanced-budget fiscal policy Suppose the government enacts a "balanced budget" change in scal policy by lowering taxes and decreasing government spending. Assume the tax decrease affects both consumption and production spending. Use the slides in following exhibit to preview potential effects of this policy on aggregate supply (AS), aggregate demand (AD), and the market equilibrium (E) when the initial curves and equilibrium are given by A51, A01, and E1, respectively. Initial View View 1 View 2 View 3 View 4 View 5 AD AS ---------+ PRICE LEVEL REAL GDP Initial View View 1 View 2 View 3 View 4 View 5 PRICE LEVEL I I F! + I I I I I I I I I REAL GDP Initial View View 1 View 2 View 3 View 4 View 5 ? AD AS2 AS AD 2 PRICE LEVEL REAL GDPUse the slides in following exhibit to preview potential effects of this policy on aggregate supply (AS), aggregate demand (AD), and the market equilibrium (E) when the initial curves and equilibrium are given by A51, AD1, and E1, respectively. InitiaIView H View1 H View2 H View3 H View4 H View5 ] PRICE LEVEL REAL GDP The total effect of the change in spending and taxation is best represented by V . True or False: The effect of government spending on aggregate demand would be zero if the marginal propensity to consume (MPC) were equal to one. 0 True 0 False :5 ii E 5 REAL GDP View 1 View 2 View 4 View 3 View 5 The total effect of the change in spending and taxation is best represented by V . True or False: The effect of government spending on aggregate demand would be zero if the marginal propensity to consume (MPC) were equal to one. 0 True 0 False