Consider the following version of a Classical Model.
n^d(w; r) = n^s(w) (1)
n = n^d(w) (2)
y = f(k,n) (3)
y = c(r, y-t) + I(r, y-t) + g (4)
M/P = L(i,y) (5)
What are the effects on this model economy of an unanticipated increase in the nominal money supply?
Please help will really appreciate it.
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