Suppose for an economy

C = 200+.25(Y-200)

I = .25Y-1000i

G = 150

XM = 250

And money supply is given by

M/P = 2Y-8000i

While money demand is given by

M/P= 1600

The equilibrium interest rate and output is given as

ANS Y=

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, i=

Blank 2. Fill in the blank, read surrounding text.

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