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Suppose you are a member of the FOMC and the U.S. economy is entering a recession. At the meeting, the committee will respond to changes
Suppose you are a member of the FOMC and the U.S. economy is entering a recession. At the meeting, the committee will respond to changes in economic prospects as needed to support the attainment of its objectives. Your directive may address a target for the GDP growth rate, the federal funds rate, and the rate of inflation. Be sure to make specific proposals. Indicate why your recommendations will work.
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