just need c) d) e)

2. Consider an economy described by the following equations: G=1000,T=1000,C=250+0.75(YT), I=1,00050r,P=1,M=5000,PMd=0.1Y100r, Actual output is given by SRAS:Y=Y+50(PEP) where Y is full employment output equal to 7000 ; and EP is expected price. (a) Use the ISLM model to determine the short-un equilibrium output and real interest rate (10 points) (b) What is the value of expected price ( 8 points)? (c) Derive the AD equation (5 points) (d) Find the short-run equilibrium price and real GDP using the AD-AS model (e) The movement from Short-run to Long-run equilibrium occurs through changes in the expected energy price which shifts SR aggregate supply curve. i. Use the AD-AS model to compute the LR equilibrium price (or in other words, the new EP ). ii. Use the IS-LM model to determine LR equilibrium real interest rate 2. Consider an economy described by the following equations: G=1000,T=1000,C=250+0.75(YT), I=1,00050r,P=1,M=5000,PMd=0.1Y100r, Actual output is given by SRAS:Y=Y+50(PEP) where Y is full employment output equal to 7000 ; and EP is expected price. (a) Use the ISLM model to determine the short-un equilibrium output and real interest rate (10 points) (b) What is the value of expected price ( 8 points)? (c) Derive the AD equation (5 points) (d) Find the short-run equilibrium price and real GDP using the AD-AS model (e) The movement from Short-run to Long-run equilibrium occurs through changes in the expected energy price which shifts SR aggregate supply curve. i. Use the AD-AS model to compute the LR equilibrium price (or in other words, the new EP ). ii. Use the IS-LM model to determine LR equilibrium real interest rate