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What is the role of money in the overlapping-generations model? What problem does it solve and how does it do so? What is an alternative
What is the role of money in the overlapping-generations model? What problem does it solve and how does it do so? What is an alternative way the problem could be solved? Can you explain this? Lastly, what real rate of return on saving in the form of fiat money do people earn in the Overlapping Generations model, and why?
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