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Determining the monetary intertemporal model

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Reference no: EM132415076

In the monetary intertemporal model show that is is possible to have an equilibrium where money is not held and only credit cards are used in transactions. Is there such a thing as a price level in this equilibrium? Does monetary policy work? If so how? Explain your results and what they mean for actual economics.

Reference no: EM132415076

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