Suppose a president of a country uses $450 million to build public schools. The expenditure is entirely financed by borrowing. The government did not borrow any money before building the public schools. Before the government borrowing, the equilibrium amount of savings = $800 million. After the government borrowing, the equilibrium amount of savings = $950 million. Use the given information to answer questions 21 - 26. Assume complete crowding out, how much is the decrease in household consumptions after the government borrowing?

In 2018, laureen is currently single. she paid $2,800 of qualified tuition and related expenses for each of her twin daughters sheri and meri to attend state university as freshmen ($2,800 each for a total of $5,600). sheri and meri qualify as laureen’s dependents. laureen also paid $1,900 for her son ryan’s (also laureen’s dependent) tuition and related expenses to attend his junior year at state university. finally, laureen paid $1,200 for herself to attend seminars at a community college to her improve her job skills.what is the maximum amount of education credits laureen can claim for these expenditures in each of the following alternative scenarios? a. laureen's agi is $45,000.b. laureen’s agi is $95,000.c. laureen’s agi is $45,000 and laureen paid $12,000 (not $1,900) for ryan to attend graduate school (i.e, his fifth year, not his junior year).