MATH IT GRAPH IT WRITE IT Please use the fol owing scenario to answer the questions: A developed economy fe experiencing an economic contraction. Fecal toterventionlate determine the economy has a gap that is $500 bullon less than what is needed to be at the natural rate This economy has so mps of 20 %% Show all work ( equatione) a) What isthe economy' : mps? Why? b) Please flod the E. and NT, for this economy. c) According to fleca loterventiondete (using each multiplier) what change would be needed to filecal polly to close the gap! d) According to monetarist: the Increased government borrowing drives up loterest rates, resulting to an Dips of 25%%. What is the new mpc, E. and NT for the economy? e) Deeribe thep Dealble outcomes from such an event. Createddeallzed models to support your work