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Social Studies, 28.08.2019 20:10 mariamakonteh31

Using taylor's rule, when the equilibrium real federal funds rate is 3 percent, the positive output gap is 2 percent, the target inflation rate is 1 percent, and the actual inflation rate is 2 percent, the nominal federal funds rate target should be a. 5 percent. b. 5.5 percent. c. 6 percent. d. 6.5 percent.

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