Question 4: Inflation and Interest Rates (12 points out of 50) 18% 17% 16% 15% 14% 13% 12% 11% 10% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0% 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 Inflation -Fed Funds Rate Ara Specifi- Please explain what is happening in this chart: cally, answer the four questions below. Part A Why is the Fed Funds rate so important? Type your answer and explanation here: Part B who is controlling the Fed Funds rate? Type your answer and explanation here: Part C what they trying to accomplish? Be sure to discuss times when inflation is low and when it is high. Type your answer and explanation here: Part D How is this expected to work? Be sure to discuss times when inflation is low and when it is high. Type your answer and explanation here