Instructions: Please answer the following five (5) questions, using graphical analysis where appropriate, making sure to define the key terms and relationships you use in your answer. (10 marks each) Due: no later than 1:30 pm, Friday February 18, 2022. No material received after 1:30 pm will be accepted. Please send your answers to my g-mail address: joedolecki492@gmail.com Have Fun! 1. What is meant by the 'paradox of thrift"? Under what conditions would this paradox arise? Under what conditions would it not arise? Carefully explain. 2 "It would be misleading to use GDP as an index of social well-being." Explain the reasoning behind this statement. 3. "An increase of $100 million in government expenditures will always have a greater impact on equilibrium GDP than a decrease of $100 million in net tax receipts." Carefully explain