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Please state the two major responsibilities of the Federal Reserve. Which responsibility the Dual Mandate of the Fed fits in and what is the concept/trade-off

Please state the two major responsibilities of the Federal Reserve. Which responsibility the Dual Mandate of the Fed fits in and what is the concept/trade-off about? According to the evidence in 2020 and 2021, does the Fed focus on both of these elements of this trade-off in a balanced way or is more focused on just of the elements of the trade-off? Why you think so?

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