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As previously mentioned the inflation rate in the US at this time is 6.2% and the unemployment rate in November 2021 was measured at 4.2%.

As previously mentioned the inflation rate in the US at this time is 6.2% and the unemployment rate in November 2021 was measured at 4.2%. Read this article by the Federal Reserve: https://www.federalreserve.gov/faqs/economy_14400.htm Answer the following questions: - What inflation rate does the Federal Reserve aim for in the long run? Explain why this rate of inflation is desirable and what the implications would be of a lower inflation rate.

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