Suppose that the tax rate (t) is equal to zero, and that this economy's AEF is given by the following: = 30,000 + 0.68 And suppose that this economy's Desired Consumption (C) function is given by: = 15,000 + 0.8

Now suppose that the government imposes a tax rate of 20% (t = 20%).

14. What is the new equilibrium National Income (Y), Desired Consumption (C), and Desired Savings (S) with this tax in place? [3 points]