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According to the Taylor rule, what is the federal funds target rate under the followingconditions? follows Equilibrium real federal funds rate equals 3 3% follows
According to the Taylor rule, what is the federal funds target rate under the followingconditions?
follows
Equilibrium real federal funds rate equals 3
3%
follows
Target rate of inflation equals 3
3%
follows
Current inflation rate equals 2
2%
follows
Real GDP is 2
2% below potential real GDP
The federal funds target rate equals _______?
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