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Econ 1102 Essay Preview: Econ 1102 Report this essay ECON 1102 Exam Practice QuestionsProfessor Cyrus1. Suppose the following equations describe the Canadian economy:C = 600 + 0.75 (Y – T) – 400rI = 525 – 600r G = 600NX = 500T = 300 Suppose further that the following table describes the monetary policy rule of the Bank of Canada:Rate of inflation (π)Real interest rate (r)0.000.010.010.020.020.030.030.040.040.05a. Derive.