[In all cases in which you are asked to illustrate with a graph,be sure to draw it carefully and cle

[In all cases in which you are asked to illustrate with a graph,be sure to draw it carefully and clearly label all curves andaxes.] C = 50 + .8YD = 50 + .8(Y – T) I = 150 G = 200 T = 200 a) Calculate the equilibrium value of Y (i.e., the value of Yfor which Y = Z). b) Calculate ∆Y if ∆G = 100 (assuming that G could change all byitself). c) What is the infinite geometric series for ∆Y corresponding to∆G = 100? Show that this series sums to the same (numerical) answerthat you got in part b. d) Calculate ∆Y if ∆T = 100 (assuming that T could change all byitself). e) Calculate ∆Y for ∆G = ∆T = 100. Show that you could havepredicted this result from your answers to parts b and d. . . .

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