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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 48
Suppose that the FOMC had followed the Taylor rule starting in 2000.
a. How would the federal funds rate have differed from its actual path?
b. How would real GDP and the inflation rate have been different
a. How would the federal funds rate have differed from its actual path?
b. How would real GDP and the inflation rate have been different
Explanation
Verified
Verified
(a) The Taylor rule implies that the Fed...
Macroeconomics 11th Edition by Michael Parkin
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