Use the Taylor rule to predict the Fed funds rate in each of the following situations. a. Inflation is 3 percent, the inflation target is 6 percent, and output is 3 percent below potential. Instructions: Enter your response rounded to one decimal place. percent b. Inflation is 6 percent, the inflation target is 3 percent, and output is 3 percent above potential. Instructions: Enter your response rounded to one decimal place. I percent c. Inflation is 6 percent, the inflation target is 3 percent, and output is 3 percent below potential. Instructions: Enter your response rounded to one decimal place. percent