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Using the Taylor Rule, find the appropriate Federal Funds rate (FFR). Assume that the Fed has a target inflation rate of 2% and a target
Using the Taylor Rule, find the appropriate Federal Funds rate (FFR). Assume that the Fed has a target inflation rate of 2% and a target GDP growth rate of 3%. What FFR should the Fed set if the current inflation is 5% and the growth rate is 4%
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