Question: Hello can somebody explain to me how to solve this problem Text Problem 5abc Suppose that the Phillips curve is given by The = Tuf

Hello can somebody explain to me how to solve this problem

Hello can somebody explain to me how to solve this problem Text

Text Problem 5abc Suppose that the Phillips curve is given by The = Tuf + 0.1 - 2 ut Given this equation find the natural rate of unemployment. The natural rate of unemployment is 5 %. (Enter your response as an integer.) Assume that The = (1 - 0) 1 + 0 Tut-1 and suppose that 0 is initially equal to 0 and it = 0.02 and does not change. Suppose that the rate of unemployment is initially equal to the natural rate. In year authorities decide to bring the unemployment rate down to 3% and hold it there forever. In year (t + 1), the inflation rate will be 6 %. (Enter your response as an integer.) In year (t + 2), the inflation rate will be 6 %. (Enter your response as an integer.) In year (t + 5), the inflation rate will be 6 %. (Enter your response as an integer.)

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