Topic: IS/LM (Please answer the following, be as detailed as possible) Thanks!

2. Suppose that C=60+0.80Yd, 1=150-10r, G=250, TX=200, M/P=60, L=.10Y-10r Where C=consumption, I=investment, r=rate of interest, G=government expenditure, Tx= amount of tax, M/P=money supply, L=demand for money. a. Write the equations for IS and LM schedules. b. Find the equilibrium values for income (Y) and the interest rate (r). c. Illustrate the IS and LM curve and identify the equilibrium Y and r (Put the proper label). d. Determine the effect on Y and I if government spending rose from 250 to 310