Question
In an OLG model with money: Each gen picks 12 banans when young, 0 bananas when old. Central bank prints out 2 units of money,
In an OLG model with money:
Each gen picks 12 banans when young, 0 bananas when old.
Central bank prints out 2 units of money, given to gen 0 for free.
The nominal GDP of this economy is $______ each period.
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International Economics
Authors: Robert C. Feenstra, Alan M. Taylor
3rd edition
978-1429278515, 142927851X, 978-1319029517, 1319029515, 978-1429278447
