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QUESTION

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?

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. 

Thanks a lot!!!!!! I need find the enforceable range of pai*

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