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Suppose in a country called Keyneslanding. The current economic conditions in the country is given by the following: Consumption function: C = 100 + 0.75Y,

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Suppose in a country called Keyneslanding. The current economic conditions in the country is given by the following: Consumption function: C = 100 + 0.75Y, where Ya = Y - T Planned Investment |: | =100 Government spending G: G = 100 Net Taxes T : T =100 OutputY : Y = 900 (a) Given the above information, if this economy currently in equilibrium? Show why it is or it is not. You can use equations, words, graphs to aid your explanation. (10 points)

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