Intermediate MacroeconomicsExplanation with equations and graphs

the Neoclassical model. Discuss how consumption, investment, the real wage, and the labor input change. 5. Suppose that we have a partial sticky price New Keynesian model. Suppose that the economy is hit with an increase in At+1. Suppose that the central bank wants to adjust the money supply in such a way that the real wage does not change in response to this shock. How must the central bank adjust policy in response to the increase in, At- in order to achieve this end? How does output react to the change in At+, if the central bank follows such a policy? How does this change in Yt compare to a world in which the money supply is exogenous (i.e. does not react to the increase in At+1 )