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Please see below the spending information pertaining to the participants of a hypothetical economy. C = $10 + 0.8Y I=$20 G=$30 X-M=$10 (a) State the name of the economic agent/participant that each equation above would apply to. (b) State the assumptions underlying the equations for C and 1. Why do we make these assumptions? (c) Draw a graph to illustrate the desired aggregate expenditures of an economy whose participants have the spending plans provided above. (d) Calculate the value of equilibrium output. (e) How much are consumers saving at equilibrium and how much non-consumer spending is being injected? (f) Assuming that the full-employment level of output is $300, what kind of gap exists and how large is it? Identify the gap on the graph. (g) What type of policy would you recommend to the policymakers to achieve fullemployment level of output? Why? What could be some of the concerns associated with your policy proposal