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According to the article The Fed's Inflation Target: Why 2 Percent?, St. Louis Fed President James Bullard believes that stating an inflation goal: Question 29Answer
According to the article "The Fed's Inflation Target: Why 2 Percent?", St. Louis Fed President James Bullard believes that stating an inflation goal: Question 29Answer a. Avoids having the Fed be responsible to Congress for inflation levels b. Is useful in fooling the public into thinking inflation is less than it actually is c. Helps to manage public expectations regarding future inflation d. Will automatically lower the rate of inflation
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