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Role of money in the overlapping-generations model

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Can you explain what the role of money in the overlapping-generations model is? What problem does it solve and how does it do so? What is an alternative way the problem could be solved? Explain. Lastly, what real rate of return on saving in the form of fiat money do people earn in the Overlapping Generations model, and why?

Reference no: EM133083346

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