Refer to the accompanying table in answering the questions that follow: Instructions: In parts a-c, enter your answers for the multipler as a whole number. In part c, round your answers for the MPC and MPS to 1 decimal place. 3. If full employment in this economy is 170 million, will there be an inflationary expenditure gap or a recessionary expenditure gap? What will be the consequence of this gap? By how much would aggregate expenditures in column 3 have to change at each level of GDP to ellminate the gap? Aggregate expenditures would have to What is the multiplier in this example? b. Wil there be an infiationary expenditure gap or a recessionary expenditure gap if the fullemployment level of output is $450 bilion? By how much would aggregate expenditures in column 3 have to change at each level of GDP to eliminate the gap? What will be the consequence of this gap? By how much would aggregate expenditures in column 3 have to change at each level of GDP to eliminate the gap? Aggregate expenditures would have to What is the multiplier in this example? b. Will there be an inflationary expenditure gap or a recessionary expenditure gap if the full-employment lovel of output is $450 billion? By how much would aggregate expenditures in column 3 have to change at each level of GDP to eliminate the gap? Aggregate expenditures would have to by $ billion. What is the multiplier in this example? C. Assuming that investment, net exports, and government expenditures do not change with changes in real GDP, what are the sizes of the MPC, the MPS, and the multiplier? MPC = MPS = Multiplier =