(Solved): Suppose the monetary authority's welfare functiontis W=(uu)2( ...

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Suppose the monetary authority's welfare functiontis $$W=?{\left(u?u^{?}\right)}^2?{\left(??{?}^{?}\right)}^2\text{, where }{u}^{?}<u^n$$ Private sectors makecoational expectation (1) Define what is Lucas Critique in terms of equation A and B? (2) What is the choice of monctary authority if it abides rule? (3) What is the choice of monetary authority if it makes discretion?