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Which of the following statements about the Fed's dual mandate is correct? Multiple Choice The Fed gives more weight to the full-employment target than the
Which of the following statements about the Fed's dual mandate is correct? Multiple Choice The Fed gives more weight to the full-employment target than the inflation target because very bit of cyclical unemployment represents personal misery for those left unemployed. The full-employment target is weighted more than the inflation target because the Fed does not wish to adversely affect the income tax revenues collected by the U.S. Treasury. The inflation rate target is weighted more than the full-employment target because of the many price-sensitive retired consumers in the country. The inflation rate target is weighted more than the full-employment target because of how quickly inflation can get out of hand compared to unemployment which changes slowly
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