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If the unemployment rate is above the natural rate of unemployment, holding other factors constant, what will happen to inflation and output? During the global
If the unemployment rate is above the natural rate of unemployment, holding other factors constant, what will happen to inflation and output? During the global financial crisis, how was the Fed able to help offset the sharp increase in financial frictions without the option of lowering interest rates further? Did the Feds plan work? Please explain in paragraph format, answer each question in detail with 4-10 sentences
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