QUESTION 11

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.

The real GDP of this economy is _____ bananas.

10 points

QUESTION 12

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.

The price level of this economy is 1 banana = $______.

10 points

QUESTION 13

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.

The nominal GDP of this economy is $_____.