Please Answer with clear explanations thank you.

Q3: FE-IS-LM General Equilibrium Abel, Bernanke and Croushore, 10th edition, Chapter 9, Numerical Problems, No. 4. The production function in an economy is Y = A( 5N - 0.0025N) (4) where A is productivity. With this production function, the marginal product of labor is MPN = 54 -0.005AN (5) Suppose that A 2. The labor supply curve is NS - 55 + 10(1 t)w (6) where NS is the amount of labor supplied, w is the real wage, and is the tax rate on wage income, which is 0.5. Desired consumption and investment are Cd = 300+ 0.8(Y - T) - 200r (7) and = 258.5 - 250r (8) Taxes and government purchases are T = 20 + 0.5Y (9) and G = 50. Money demand is M = 0.5Y P 250(r + #') (10) The expected rate of inflation, *, is 0.02, and the nominal money supply M is 9150. (a) What are the general equilibrium levels of the real wage, employment, and output? (b) For any level of output, Y, find an equation that gives the real interest rate, r, that clears the goods market; this equation describes the IS curve. What are the general equilibrium values of the real interest rate, consumption, and investment? Hint: Write the goods market equilibrium condition and solve for r in terms of Y and other variables. (c) For any level of output, Y, find an equation that gives the real interest rate that clears the asset market; this equation describes the LM curve. What is the general equilibrium value of the price level? Hint: Write the goods market equilibrium condition and solve fox r in terms of Y and other variables. (d) Suppose that government purchases increase to G = 72.5. Now, what are the general equi- librium values of the real wage, employment, output, the real interest rate, consumption, investment, and price level? Q3: FE-IS-LM General Equilibrium Abel, Bernanke and Croushore, 10th edition, Chapter 9, Numerical Problems, No. 4. The production function in an economy is Y = A( 5N - 0.0025N) (4) where A is productivity. With this production function, the marginal product of labor is MPN = 54 -0.005AN (5) Suppose that A 2. The labor supply curve is NS - 55 + 10(1 t)w (6) where NS is the amount of labor supplied, w is the real wage, and is the tax rate on wage income, which is 0.5. Desired consumption and investment are Cd = 300+ 0.8(Y - T) - 200r (7) and = 258.5 - 250r (8) Taxes and government purchases are T = 20 + 0.5Y (9) and G = 50. Money demand is M = 0.5Y P 250(r + #') (10) The expected rate of inflation, *, is 0.02, and the nominal money supply M is 9150. (a) What are the general equilibrium levels of the real wage, employment, and output? (b) For any level of output, Y, find an equation that gives the real interest rate, r, that clears the goods market; this equation describes the IS curve. What are the general equilibrium values of the real interest rate, consumption, and investment? Hint: Write the goods market equilibrium condition and solve for r in terms of Y and other variables. (c) For any level of output, Y, find an equation that gives the real interest rate that clears the asset market; this equation describes the LM curve. What is the general equilibrium value of the price level? Hint: Write the goods market equilibrium condition and solve fox r in terms of Y and other variables. (d) Suppose that government purchases increase to G = 72.5. Now, what are the general equi- librium values of the real wage, employment, output, the real interest rate, consumption, investment, and price level