minL = L0+,8L1 +62L2+ = 23% i=0 1 Lt=6(7rt7i)2+(ut), t=0,1,…,oo utz(WtWf), t=0,1,…,oo. As in class, assume 7? | Cheap Nursing Papers
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minL = L0+,8L1 +62L2+ = 23% i=0 1 Lt=6(7rt7i)2+(ut), t=0,1,…,oo utz(WtWf), t=0,1,…,oo. As in class, assume 7?

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Q: Consider the Barro-Gordon model. The monetary authority minimizes losses from unemployment and inflation subject to the Phillips curve. Then pls check the photo. 

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