Do not only give the solutions, but also clearly explain your derivations.Need help please

Exercise 6 Consider an economy described by the Mundell-Fleming model: C = C+c( Y - T) I = I-br NX = NX - d-e with = = p. P-e G = G T = T (M/P = L+k.Y - mi (M/P) = M/P Y is aggregate production, C is private consumption, I is planned private investment, NX is net exports, G is government purchases, T is taxes, (M/P)" is real money demand, (M/ P)" is real money supply, M is nominal money supply, and P and P* are the domestic aggregate price level and the aggregate price level abroad. r and r* are the domestic and the foreign real interest rate, i and i" are the domestic and the foreign nominal interest rate, and e and e are the real and nominal exchange rate. C, I, NX and L are autonomous consumption, autonomous investment, autonomous net exports and autonomous real money demand, respectively. c, b, d, k and m are parameters, with 0 0, d > 0, k > 0 and m > 0. C, I, NX, L, G, T, M, P, P., c, b, d, k, m and r* are exogenous. Assume for all your computations that the goods and money markets are in equilibrium. Assume also that there is no inflation, nor in the domestic economy nor abroad, such that real and nominal interest rates are equal to each other: r = i and r* = i". Assume the following functional forms and parameter values: 2023 Koen Vermeylen Page 4 of 5 Extra assignment G = 100, T = 80, M = 2000, P = 1, P* =1, P' = i' =4 C = 60 + 3(Y -T) 1 = 160 - 157 NX = 200 - 10 (M/P) = 500 + 2Y - 25i Compute the equilibrium values of the following variables: 1. aggregate production Y. 2. the exchange rate e. Now assume that autonomous real money demand changes with AL = -80 (such that real money demand (M/ P) becomes equal to 420 + 2Y - 25i). First compute the new equilibrium values of aggregate production Y and the exchange rate e assuming that the economy has a system of floating exchange rates: 3. aggregate production Y. 4. the exchange rate e. Now assume that the economy does not have a system of floating exchange rates, but a system of fixed exchange rates. Assume that the Central Bank keeps the nominal exchange rate constant at the level which you found in question 2. Compute then the new equilibrium value of aggregate production Y and the nominal money supply M which is required to keep the exchange rate constant after the change in autonomous consumption. 5. aggregate production Y. 6. the nominal money supply M