What is the taylor rule? a. it is a rule that links national debt to the annual budget deficit. b. it is a rule that links the fed's target for long-term mortgage rates to economic variables such as the current inflation rate, real equilibrium federal funds rate, inflation gap and output gap. c. it is a rule that links the fed's target for the federal funds rate to the current inflation rate, real equilibrium federal funds rate, inflation gap and output gap. your answer is correct. d. it is a rule that links the unemployment rate to the rate of inflation. what is the purpose of the taylor rule? the taylor rule is used to?