The following are the parameters for the simple economy of Minnerva, which has no government involvement and no international trade.
C = 1,460 + 0.80Y
I = 1,550
a. The value of expenditures equilibrium is $___________
b. The value of the multiplier is ______________(. Round your answer to 3 decimal places).
c. If investment increases by 350, the new value of expenditures equilibrium is $_______
