Question
QUESTION 1 In an OLG model with money: Each gen picks 12 banans when young, 0 bananas when old. Central bank prints out 2 units
QUESTION 1
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.
In equilibrium, 1 money = ______ bananas.
10 points
QUESTION 2
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 population of this economy is ______ in each period.
10 points
QUESTION 3
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 number of people employed in each period is ______.
10 points
QUESTION 4
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 unemployment rate of this economy is ____% each period.
10 points
QUESTION 5
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 real GDP of this economy is ______ bananas each period.
10 points
QUESTION 6
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 price level of this economy is 1 bananas = ______ money.
10 points
QUESTION 7
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.
10 points
QUESTION 8
In an OLG model with money:
Each gen picks 12 banans when young, 4 bananas when old.
Central bank prints out 2 units of money, given to gen 0 for free.
In equilibrium, 1 money = ______ bananas.
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