Describe the taylor rule, Describe the Taylor rule. If the

Describe the taylor rule

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Describe the Taylor rule. If the Fed were following the rule, what would the nominal Fed funds rate be if inflation over the past year were 4% and output were 1% below its full-employment level?

Reference no: EM13774373

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Describe the taylor rule : Describe the Taylor rule. If the Fed were following the rule, what would the nominal Fed funds rate be if inflation over the past year were 4% and output were 1% below its full-employment level?

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