An economy has the following consumption function: C=$200+0.8DI . The government budget is balanced, with government purchases and taxes both fixed at $1,000. Net exports are $100. Investment is $600. 1. The value of equilibrium in this model is      . 2. If government spending increases by $150, the equilibrium value increases by          , demonstrating a multiplier value of        . 3. If both G and T rise by $150 at the same time, the equilibrium Y will increase by

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An economy has the following consumption function: C=$200+0.8DI . The government budget is balanced, with government purchases and taxes both fixed at $1,000. Net exports are $100. Investment is $600.

1. The value of equilibrium in this model is      .

2. If government spending increases by $150, the equilibrium value increases by          , demonstrating a multiplier value of        .

3. If both G and T rise by $150 at the same time, the equilibrium Y will increase by

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