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Solve clearly A Phillip's curve is given by m = of + 9% - 3u, with m; = mi+1 = m+2 = 0 In period

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Solve clearly

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A Phillip's curve is given by m = of + 9% - 3u, with m; = mi+1 = m+2 = 0 In period t policy makers bring the unemployment rate down to 2% and decide to keep it there indefinitely. Calculate the rate of inflation in periods t, t+1, and t+2

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