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Please Help 7. Suppose that a household has preferences given by: log(C'm) + log (C4) + 8 log(Cm') + log (CC)] where C'm is consumption

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7. Suppose that a household has preferences given by: log(C'm) + log (C4) + 8 log(Cm') + log (CC)] where C'm is consumption of cash goods, C is consumption of credit goods. The house- hold doesn't value leisure and supplies one unit of labor inelastically. The household starts with M- nominal money holdings and no nominal bond holdings (B- = 0), and faces the CIA constraints: PCm

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