please do last Parts correctly will upvote 4. Consider the following version of the...
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please do last Parts correctly will upvote
4. Consider the following version of the Barro-Gordon model. Let the Central Bank's (CB) welfare function be W = Y - 012 with 8>1. The CB maximizes this social welfare function subject to the Phillips curve constraint: Y = Y* +1(IT 7) where 0
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