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According to the 2006 FOMC statement in Exhibit A, the committee points to a high level of resource utilization (normally understood as high demand for
According to the 2006 FOMC statement in Exhibit A, the committee points to a high level of resource utilization (normally understood as high demand for resources). Please explain (1) how high level of resource utilization could result in higher prices and (2) why resource utilization may be lower in the future. Suggested response length: 4-6 sentences or 2 paragraphs
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