Suppose that the government of Ansonia is experiencing a large budget surplus with fixed government expenditures of G =200 and fixed taxes of T =150. Both G and T are independent of income. Assume that consumers of Ansonia behave as described in the following consumption function.C =300+0.80(Y−T)Suppose further that investment spending is fixed at I = 200Calculate the equilibrium level of GDP in Ansonia. Solve for equilibrium levels of Y, C, and S
