How to construct the IS/LM model from money & goods markets Consider the following numerical…

How to construct the IS/LM model from money & goods
markets

Consider the following numerical version of the IS-LM model
in a closed economy:

C-400+05Yd; I=700-4000r+01Y; G=200; Tp=200; Yd=Y-Tp,
RLMD=5Y-7500r; RLMS=500; X=M

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Find the equations for the IS Curve and LM Curve

Also, find equilibrium real output (Y), interest rate (r),
consumption (C), and Investment (I)

 

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