You are given the following information on the macroeconomy (in millions dollars):
Compute the equilibrium level of income, the size of the multiplier, and the change in equilibrium income for a decrease in autonomous investment of $75 million.
Definitions:
Grasping Reflex
An involuntary movement or action where an infant closes their fingers tightly around an object placed in their hand.
Babinski Reflex
A reflex action in infants when the sole of the foot is stroked, causing the big toe to move upward and the other toes to fan out, indicating normal neurological development.
Months Old
A unit of measurement indicating the age of a person, or sometimes an animal or object, in months.
Permanent Reflexes
Permanent reflexes are hardwired motor responses that last throughout an individual's life, such as blinking and breathing.
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