n an OLG model, which of the following statement about equilibrium is wrong: A. equilibrium occurs when money sold = money bought B. 1 money = v bananas If v is too large, then money is expensive, gen 1 wants to buy very few units of money. We do NOT reach an equilibrium. C. 1 money = v bananas If v is too small, then money is expensive, gen 1 wants to buy very few units of money. We do NOT reach an equilibrium.

n an OLG model, which of the following statement about equilibrium is wrong: A. equilibrium occurs when money sold = money bought B. 1 money = v bananas If v is too large, then money is expensive, gen 1 wants to buy very few units of money. We do NOT reach an equilibrium. C. 1 money = v bananas If v is too small, then money is expensive, gen 1 wants to buy very few units of money. We do NOT reach an equilibrium.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter12: The Partial Equilibrium Competitive Model

Section: Chapter Questions

Problem 12.12P

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