ABSTRACT
The previous chapters explained the basic elements of the neoclassical macroeconomic model. This chapter presents the equilibrium solutions to the simplest version of the model that includes money. The purpose is to take the analysis beyond what is found in standard textbooks on macroeconomics. The intention of this and the next two chapters is to substantiate my assertion that the logic of the model cannot produce a solution in which there is an unqualified tendency to full employment equilibrium with money neutral.
