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Using the model in Question 1 and rounding to 5 decimal places, CASE A. Assume that this is a classical economy with full flexible domestic
Using the model in Question 1 and rounding to 5 decimal places,
CASE A.Assume that this is a classical economy with full flexible domestic prices and output is fixed at the full employment levelY=YF= 2000.Solve fore?for the case below:
With shocks= 0.4, and benchmark nominal money supplyM=M?= 500.
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