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Given C= 102 + 0.75Yd,                    I=150 – 100i, Ms =300, LT=0.25Y, and LA = 124-200i 2.1 Find commodity...

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Economics

Given C= 102 + 0.75Yd,                  
I=150 – 100i, Ms =300, LT=0.25Y, andLA = 124-200i

2.1 Find commodity market equilibriumi.e. IS curve

2.2. Find money market equilibriumi.e. LM curve

2.3. Find equilibrium income

2.4. Find equilibrium interestrate

Suppose money supply increases by$17,

2.5. Find the amount of newequilibrium income

2.6. Find the amount of new interestrate

Suppose autonomous investment dropsdown by $97

2.7. What is the amount of newequilibrium income?

2.8. Find the new interest rate

This information was given at the topif you need it.

Given the following information

C         = Co +b(Y-T)

I          =Io + Iy - IrR

G         =Go

T          =To

Md       = Lo – LrR +LyY

Ms          = Mo

Where C0 = Autonomous consumption

b= MPC,

Iy= income sensitivity of investment (Incomeelasticity of investment)

Ir= interest elasticity of investmen

Lr= interest elasticity of money demand

Ly= income elasticity of money demad

I= investment, G= Government spending, T = Taxes

R= interest rate

Y= GDP

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