more 2.) The government of Frackland has fixed government expenditures (G) of 200 and fixed taxes (T) of 225. Assume that consumers in Frackland behave as described in the following consumption function: C= 150+ .5 (Y-T). Suppose further that investment spending is fixed at 80. a.) Does Frackland have a budget surplus, deficit, or balanced budget? Why? b.) Calculate the equilibrium level of GDP (Y) in Frackland. c.) The government of Frackland reduced taxes by 20 to a new level of 205. Using the tax multiplier, how much did the tax cut increase Y