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The Economics of Money, Banking and Financial Markets 4th Edition by Frederic Mishkin
النسخة 4الرقم المعياري الدولي: 978-0133859997The Economics of Money, Banking and Financial Markets 4th Edition by Frederic Mishkin
النسخة 4الرقم المعياري الدولي: 978-0133859997 تمرين 17
What does the Taylor rule imply that policymakers should do to the fed funds rate under the following scenarios?
a. Unemployment rises due to a recession.
b. An oil price shock causes the inflation rate to rise bY₁% and output to fall bY₁%.
c. The economy experiences prolonged increases in productivity growth while actual output growth is unchanged.
d. Potential output declines while actual output remains unchanged.
e. The Fed revises its (implicit) inflation target downward.
a. Unemployment rises due to a recession.
b. An oil price shock causes the inflation rate to rise bY₁% and output to fall bY₁%.
c. The economy experiences prolonged increases in productivity growth while actual output growth is unchanged.
d. Potential output declines while actual output remains unchanged.
e. The Fed revises its (implicit) inflation target downward.
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The Taylor rule states that the federal ...
The Economics of Money, Banking and Financial Markets 4th Edition by Frederic Mishkin
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