Macroeconomics III

[MathmanDK]

Hi
Can anyone help me with the steps from substituting (5) into (3) to equation (7)?.

 

[Deleted member 4993]

Hi
Can anyone help me with the steps from substituting (5) into (3) to equation (7)?.

Your attachment does not show equation (3).

Where are you exactly stuck?

Please show your work - so that we know where to begin.

 

[MathmanDK]

I'm stuck after finding the equation before (7). I've tried multiple ways to find (7) but i can't. If i can get help to go from the equation that defines p^f to equation (7) i would be really happu.

 

[Deleted member 4993]

I'm stuck after finding the equation before (7). I've tried multiple ways to find (7) but i can't. If i can get help to go from the equation that defines p^f to equation (7) i would be really happu.

As the paper instructs - first you substitute (5) into (3). What did you get? Please share your work.