please answer all the questions on this document

Econ 23H Worksheet #8 Aggregate Expenditures Answers Due: Via Canvas or Email by: Wednesday. lulyr l4Ill Possible levels Income or output {C} (I) M of employment {Y} Consu- Invest- Saving [All] {+} {millions} [billions] mpun ment H ll} 3 nlllll $411!} _ $ , _ _ 15 Elli} Till} _ $ _ 2!} use lllllll _ $ _ 15 ltillll Hill} _ $ _ 3i} lell ltillll _ $ _ 35 241m 191m _ $ _ 4!} zone 221m _ $ _ 45 321m 251m _ $ _ Si} Still} zsnn _ $ _ Suppose the above table is For a closed, private economy. Fill in your \"saving" colnrnn by taking Y C {income minus consumption]. Assume that planned investment is $4011 billion. Finish filling in the table above. The {+] and HI column indicates what would be happening to inventories. To fmrl this column, take '1' AE {income minus spending}. If your RE is greater than your '5', then inventories are being drawn down and your number will be negative. Use the table to answer the following: I. What is the MPC? What is the MP5? 2. Find equilibrium in this macro model. a. What is the employment level in equilibrium? b. What is our equilibrium Y amount? c. What's bite of savings and investment at this level of income? 3. At the $2401) level ofincome, what is saving? Planned investment? a. What's happening to inventories? Up or down and by hovr-r much? I). In this situation, is there a tendency for employment. output and income in the economy to increase or decrease? c. What is saving at the $280!] level of income? 4. Using the graph provided below: a. Draw in an AE function. (Be sure to label everything!) b. Identify macroequilibrium as you found in #2 above. c. Next, graphically show, and explain in the space provided below the graph, what would happen if full employment was the $3600 level of income. Draw and EXPLAIN. (Be sure to label everything!!)