An equation that sums the squared output gap to the squared inflation gap, with a weight that determines the tradeoff between them is referred to as the

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The equation described is referred to as the Fed's objective function. It represents the Federal Reserve's goal of minimizing deviations from both its target inflation rate and full employment (output gap), indicating the trade-offs it considers in its monetary policy decisions.

An Equation That Sums the Squared Output Gap to the Squared