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 unemployment rate of this economy is ____% each period.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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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 unemployment rate of this economy is ____% each period. 

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