Could you answer this for me

Question 1: Consider the DADDAS framework: IS Curve: Y, = l7 an + 6? Aggregate Supply (AS): 7r, 2 xi + 50\"; 17') + cf Taylor Rule: 2'; = 7r; + (7rt 1r*) + y(Y 17) Fisher Equation: 2', = n + 7rf+1 Variable / Parameter Description Output at time t Natural level of output Real interest rate Demand shock m Rate of ination at time t 7r: Expected ination for time t \"to Supply shock m Nominal interest rate Ination target (constant over time) Monetary policy parameter, positive 95,, Monetary policy parameter, positive The variables are described in the table above. The shock terms 6? and cf, are stochastic and uncorrelated, with expected value of zero. The parameter oz > 0 is a positive constant. (a) Assume that expectations are adaptive, e.g. 7r: = 7&4, and assume that 7r* = 0. Find the equilibrium values for the level of output and ination in this economy at time t. Assuming no shocks in equilibrium, explain the effects on the equilibrium of a decrease in qb. (Answer Space: max 2 pages)