jfulps4162 jfulps4162
  • 24-05-2023
  • Business
contestada

Consider the following model of
inflation, inft , and unemployment,
unemt :
inft=β0+β1unemt+β2unemt-1+β3unemt-2+ut
What would be the long run propensity (LRP) of
unemt ? What does it measure?

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