Please do it in MS Word, along with diagrams and boxes. You may use the drawing options of MS Word or Paint or anything you are comfortable with. Hand-drawn diagrams will be accepted

Question 2: 6 marks 2 of 4 Given C. = 400 and MPC = 0.70 a) Find Consumption when Y, = 2000 and when Y. = 3000 (1 marks) b) Calculate Savings for both these levels of disposable income and consumption. (1 marks) c) Calculate MPS. (1 marks) d) Does MPS + MPC = 1? (1 marks) e) If autonomous consumption increases by $50. What is the multiplier? What is the change in total spending? Use a diagram to show which curve shifts and how. (2 marks)