Question 1 [21 points] A simplified economy is specified as follows: A. Goods market, all values C, I, G and NX values are in billions of C$: Consumption Expenditure: C = 130 + 0.5(Y-T) Investment Expenditure: I = 1,200 - 470/ Government Expenditure: G = 320 Lump-sum Constant Taxes: T = 320 Exports: 70 Imports: 10 B. Money market, all Md values are in billions of C$: Interest Rate: i = 0.12 or 12% Money Demand: Md = 870 - 1,800/ Note: Please keep your answers accurate to two decimal places. a) Given the above information, solve for the following: the equilibrium Y, the money supply M, the consumption expenditure C, and the investment expenditure I. Y = 989.07 M = 654 C = 464.54 1 = 1,143.6