User 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 natural level of output is Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 300 b 600 c 1200 d 2400 e none of the above