See the information from Economics Land below.What is the equilibrium interest rate in Economics Land? What is the level of investment at the equilibrium interest rate? Is there either a recessionary output gap (negative GDP gap) or an inflationary output gap (positive GDP gap) at the equilibrium interest rate and, if either, what is the amount? Given money demand, by how much would the Economics Land central bank need to change the money supply to close the output gap? What is the expenditure multiplier in Economics Land?

Actual Investment Real GDP Money Money Interest at Interest Potential at Interest Supply Demand Rate (Rate Shown) Real GDP (Rate Shown) $500 $800 2% $50 $350 $390 500 700 40 350 370 500 600 30 350 350 aUAW 500 500 20 350 330 500 400 10 350 310