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Economics Consider the new Keynesian Phillips curve with indexation, under the assumptions of perfect foresight and B = 1, together with our usual aggregate demand

Economics Consider the new Keynesian Phillips curve with indexation, under the assumptions of perfect foresight and B = 1, together with our usual aggregate demand equation, yt = mt - Pt. (a) Express p +1 in terms of its lagged values and mt. (b) Consider an anticipated, permanent, one- time increase in m: mt = 0 for t

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