Queenlatifah2868 Queenlatifah2868
  • 19-05-2023
  • Mathematics
contestada

In 1980, the U. S. Inflation rate was 13. 5 percent and the unemployment rate reached 7. 8 percent. Suppose that the target rate of inflation was 3 percent back then and the full-employment rate of unemployment was 6 percent at that time. What value does the Taylor Rule predict for the Fed's target interest rate?

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