Use the following information to answer H16 - H21: Consider the following simplified version of the economy: Aggregate Demand: Yt = 4 (Mt-Pt) + (Gt-Tt) Aggregate Supply: Pt =Pte +2(Yt -1200) Monetary Supply: Mt = 1200 Gov. Spending: Gt=300 Taxes: Tt=300 Assume that expectations about prices are made such that Pte = Pt-1. The price level when output is at the natural level is Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 100 b 300 c 900 d 1300 e none of the above