Question 6 (1 point) Consider an economy with the following characteristics - Equilibrium national income: Y = C +| - Autonomous consumption: 640 - Marginal propensity to save: 0.20 I Autonomous investment: 700 In equilibrium, what is the average propensity to consume? (Answer to two decimal points.) Your Answer: Answer Question 7 (1 point) The following information describes a closed economy with no government. Aggregate output is demand-determined. - Equilibrium national income: Y = C +| - Autonomous consumption: 120 - Marginal propensity to consume: 0.75 - Autonomous investment: 180 What is the simple multiplier in this economy? (Answer to two decimal points.) Your Answer: Answer Question 9 (1 point) Consider a simple macro model with a constant price-level and demand-determined output. The equations of the model are: . c = 200 + 0.70YD . |= 190 . G = 120 . T=O.25Y . x = 80 - IM = 0.30Y Assume that potential output in this economy is Y* = 1120. What is the required change in government spending, (3, required so that equilibrium income is equal to potential output. (Nearest dollar, positive is an increase, negative is a decrease.) Your