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What are the Fed's target levels for the inflation rate and the unemployment rate? What are the inflation and unemployment rates today? What are the

What are the Fed's target levels for the inflation rate and the unemployment rate? What are the inflation and unemployment rates today? What are the tools used to conduct monetary policy? As the top advisor to the chair of the Federal Reserve, define contractionary and expansionary monetary policies, explain which you advise the Fed to pursue today - given the inflation and unemployment targets versus the current rates.

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