Use the following Figure to answer questions 8 to 12 45%line AE 8. What is the equilibrium output (GDP)? 1200 1800 2000 2100 2500 9. What is the value of the spending multiplier? 5 4 2 3 1.66 10. Suppose potential GDP= 1800, to close the output gap, by how much the government should change its taxes? . Increase T by 303 . Decrease T by 303 . Increase T by 500 . Decrease T by 100 . Decrease T by 150 11. Suppose potential GDP=1800, to close the output gap, by how much the government should change its spending? . Increase G by 100 . Decrease G by 120.48 . Increase G by 200 . Decrease G by 200 . Decrease G by 150 12. Suppose potential GDP= 1800, to close the output gap, Bank of Canada should . Buy government bonds . Sell government bonds . decrease reserve requirement ratio . decrease target overnight rate . Do nothing o oo o oo oR (DQ..OO\"N (DQ..OO\"N o A0 o