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The Fed rule of thumb says: a.that the Federal Reserve should base its interest rate decisions solely on the inflation rate. b. the Federal Reserve
The Fed rule of thumb says: a.that the Federal Reserve should base its interest rate decisions solely on the inflation rate. b. the Federal Reserve should base its interest rate decisions solely on the unemployment rate. c. the Federal Reserve should adjust interest rates based on a combination of inflation gap and output gap. d. the Federal Reserve should maintain a constant interest rate regardless of economic conditions
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