Question: Using the model in Question 1 and rounding to 5 decimal places, Case B . Assume that this is a Keynesian fixed-price economy with P

Using the model in Question 1 and rounding to 5 decimal places,

Case B. Assume that this is a Keynesian fixed-price economy withP=Pbar= 1.Solve forY^?for the cases below:

No shocks= 0, and benchmark nominal money supplyM=M?= 500.

places,Case B. Assume that this is a Keynesian fixed-price economy withP=Pbar= 1.Solve

Question 1. Monetary Policy in a Small Open Economy with an adverse shock. Consider the following model of a small open economy Y = 1000 s 1000i + 5.2% (1) IS Equation 5' 0.5 (1 + 5) + 0.001Y 0.005 g (2) LM Equation \"1;: if = 0.02 (3) BP=0 locus

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