Question: I'm confused by how to answer part b.... Use Okun's law to . . . (a) . . . rewrite the central bank loss function

I'm confused by how to answer part b....

Use Okun's law to . . .

(a) . . . rewrite the central bank loss function in a way that better reflects the dual mandate of the Federal Reserve in terms of unemployment and inflation, and . .

(b) . . . then determine the value of in the central bank loss function that would result in an equal weighting of the two terms in the dual mandate of the Federal Reserve.

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