1. 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. A. In equilibrium, 1 money = _____

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1. 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.

A. In equilibrium, 1 money = ______ bananas.

B. The level of employment is _____ in each period. (how many people are employed each period)

C. The unemployment rate in this economy is ______%.


what other information do you need? I dont have any other information, this is all that I was given.   
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