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1. Describe the Monetary Policy curve and indicate its economic significance. 2. First, describe the nature of the Rules vs. Discretion debate and then, carefully

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1. Describe the Monetary Policy curve and indicate its economic significance. 2. First, describe the nature of the \"Rules vs. Discretion\" debate and then, carefully demonstrate how \"Taylor's Rule\" might be interpreted in the context of this debate. In your answer, make sure to distinguish \"Taylor's rule\" from \"Taylor's principle\

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