The FOMC announced that it judges a 2 percent inflation rate to be consistent with the Feds

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The FOMC announced that it judges a 2 percent inflation rate to be consistent with the Fed’s statutory mandate. The committee did not think it appropriate to specify a fixed goal for employment.

Explain why the FOMC might be willing to define price stability but not think it appropriate to specify a fixed employment goal.

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Foundations Of Economics

ISBN: 9780134486819

8th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Dec 23, 2023 06:04 AM

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The FOMC announced that it judges a 2 percent inflation rate to be consistent with the Feds

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Many factors influence employment and the FOMC looks at a large numb...View the full answer

Foundations Of Economics

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