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. Selected Answer: 24000 Correct Answer: 12 Answer range +/-0 (12 - 12) 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. Selected Answer: O 0.17 Correct Answer: 0.333 Answer range +/- 0.1 (0.233 -0.433)
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. Selected Answer: 24000 Correct Answer: 12 Answer range +/-0 (12 - 12) 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. Selected Answer: O 0.17 Correct Answer: 0.333 Answer range +/- 0.1 (0.233 -0.433)
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter2: Fundamental Economic Concepts
Section: Chapter Questions
Problem 5E
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