Suppose that the annual inflation rate is 2% and that the output gap is -5%. If one were on the Federal Open Market Committee, what action would they prescribe? How would this affect the economy, the inflation rate, and the unemployment rate?

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The Answer of Suppose that the annual inflation rate is 2% and that the output gap is -5%. If one were on the Federal Open Market Committee, what action would they prescribe? How would this affect the economy, the inflation rate, and the unemployment rate?

Suppose That the Annual Inflation Rate Is 2% and That