Read the following information carefully : "The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), recently increased the Repo Rate by 50 basis points. The Rate stands today at 5.40%, whereas Reverse Repo Rate was left unchanged at 3.35%." Answer the following questions : (i) Identify the nature of the two monetary policy measures mentioned in the above text. (ii) Elaborate the likely economic rationale behind the increase in Repo Rate by the Monetary Policy Committee. Suppose an imaginary economy is facing a situation of deficient demand in the short run time period. Discuss briefly, the probable impacts of the same on the economy.