The following macroeconomic data are from country D's economy. Dollar values are measured in billions dollars. Consumption $300 Investments $75 Exports $35 Imports $40 Government spending $50 Taxes $20 Potential real output $500 A. Calculate the current level of GDP. Is the economy facing a recessionary gap, an inflationary gap, or neither? Explain using numbers. B. Based on your answer to part (a), how will the economy adjust in the long run in the absence of any government policy action? Explain. C. Now assume the economy is in long-run equilibrium. 1. Assume autonomous consumption spending increases by $10 billion and the marginal propensity to save is 0.2. Calculate the maximum possible change in real output. Show your work. II. Based on the change in autonomous consumption spending, what will happen to the equilibrium price level in the short run? Explain