According to the Taylor rule,if the inflation rate in the last year was 2% and output was equal to its full-employment level,the nominal Fed funds rate should be
A)3%.
B)4%.
C)5%.
D)6%.

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The Answer of According to the Taylor rule,if the inflation rate in the last year was 2% and output was equal to its full-employment level,the nominal Fed funds rate should be
A)3%.
B)4%.
C)5%.
D)6%.

According to the Taylor Rule,if the Inflation Rate in the Last