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Consider an economy described by the following equations: Y =C+I+G C = 120 + 0.8 x (Y 7 - 500 - 50 x r G = 150 T = 125 where Y is GOR, Cis consumption, I is investment, ( is government purchases, I' is taxes, and r is the interest rate. If the economy were at full employment (that is, at the natural rate of output), GDP would be $2,650. Identify the equation(s) each of the following statements describes, Check all that apply. Statement G It is an autonomous amount, independent of other factors. O O It is a function of disposable income. O It depends on the interest rate. The marginal propensity to consume in this economy is Suppose the central bank's policy is to adjust the money supply to maintain the interest rate at 3%, 50 F - 3, When the interest rate is 3, GDP Is $ GDP at an interest rate of 3% is the full-employment level. Assuming no change in monetary above in governme (Note: Assume that this change below policy has no crowding-out eff Assuming no change in monetary policy, in government purchases by $ would restore GDP to the full-employment level. (Note: Assume that this change in fiscal an increase crowding-out effect.) Assuming no change in fiscal policy. a decrease In the interest rate by | 1% would restore GDP to the full-employment level. Assuming no change in monetary policy, in government purchases by $ would restore GDP to the full-employment level. (Note: Assume that this change in fiscal policy has no crowding-out effect.) " a decrease [Note: Assume that this change in f no crowding-out effect.) an increase Assuming no change in fiscal policy. in the interest rate by I |% would restore GDP to the full-employment level. Assuming no change in fiscal policy, in the interest rate by No would restore GDP to the full-employment level