Real money demand in Hardorn is given by: Md/P = 94 + 0.75Y - 800i. You have been told that the production function in Hardorn is given by: Y = 5K L and that capital stock is fixed at 144 units. You have also been told that the price level is equal to 6 and that the nominal interest rate is equal to 0.05. You have also been told that the labour market in Hardorn can be described by the following demand and supply equations where "w" is the real wage rate: Demand for labour: L = 450 - 7w Supply of labour: L = 18w. Based on the aforementioned information calculate: a) real money demand. (3) b) the money demand parameter. [Round off to the first decimal place.] (2) [Please show all your calculations as well as the formula you used to perform each calculation. Ensure that your answers are clearly labelled.]