5.1 What is a monetary rule, as opposed to a monetary policy? What monetary rule would Milton Friedman have liked the Fed to follow? \"'11)! has support for a monetary rule of the kind Friedman advocated declined since 1980? 5.5 [Related to Solved Problem 15.5] Suppose that the equilibrium real federal funds rate is 2 percent and the target rate of inflation is 2 percent. Use the following information and the Taylor rule to calculate the federal funds target rate: Current ination rate = 4 percent Potential GDP = $20.0 trillion Real GDP = $20 .2 trillion