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Today's macroeconomic environment is unlike any we have seen in history. From COVID-19 disruptions to a war in Europe, the Fed has to consider many
Today's macroeconomic environment is unlike any we have seen in history. From COVID-19 disruptions to a war in Europe, the Fed has to consider many macroeconomic factors when making their decisions. At the March FOMC meeting, the Fed raised interest rates to a target of .25-.50 and signaled a need for contractionary monetary policy in the face of high inflation. Using ONE of the following models: IS-LM, AD/AS. Phillips Curve, explain the current macroeconomic situation. What does the model predict and how might you help the issues? Also, as your assigned Fed member, what might you advocate for in the next FOMC meeting and why
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