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(g) At which output level is saving equal to non-consumption spending? (4 marks) 2. Please refer to the following functions of an economy. Suppose aggregate expenditure is determined by the following equations: C=200 + 0.75(Y-T) 1=200-25r G =T=100 Money demand Md=Y-100r Money supply Ms = 500 (a) Find the equilibrium interest rate and the equilibrium level of output; (4 marks) (b) Find the equilibrium consumption and planned investment; (4 marks) (c) If government increases its spending, will the increase in output be higher, lower than or equal to the increase in output calculated by using the government spending multiplier you learned from Chapter 9? Provide economics explanation to your