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3) Which of the following is correct? a) From 1980-90; and 2010-20 the federal funds rates was typically larger than that implied by the Taylor

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3) Which of the following is correct? a) From 1980-90; and 2010-20 the federal funds rates was typically larger than that implied by the Taylor Rule. b) From 1980-90; and 2010-20 the federal funds rates was typically smaller than that implied by the Taylor Rule. c) From 1980-90, the federal funds rate was typically higher than that implied by the Taylor Rule, and from 2010-20 the federal funds rate was typically smaller than that implied by the Taylor Rule. d) From 1980-90, the federal funds rate was typically smaller than that implied by the Taylor Rule, and from 2010-20 the federal funds rate was typically larger than that implied by the Taylor Rule

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