Can anyone help me wit these problems?1. Calculatethe multiplier for each of the following: -Theexpenditure multiplier if the marginal propensity to consume is 80%? -Thetax multiplier if the marginal propensity to save is 20%? -Thenet (balanced budget) multiplier if government spending is financed by anincrease in taxes?2. Ifthe level of autonomous expenditures is $4200 and the marginal propensity toconsume (expend) is .8, what is the level of equilibrium income?If the marginal propensity to consume rises to .9, what isthe new level of equilibrium income?3. Ifthe economy has a recessionary gap of $400, and the marginal propensity toconsume is .8, how much additional government spending would be required toeliminate the gap?Ifinstead of additional spending, calculate how big a tax cut would be requiredto eliminate the $400 gap.
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