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anhtuan anhtuan
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Suppose the inflation rate target is zero and the long-run federal funds target is also zero. Calculate the federal funds rate if the current inflation rate is 5 percent and real output is 4.5 percent below the trend output level.

▸ 0.25 percent

▸ 5.25 percent

▸ 2.25 percent

▸ 0.5 percent
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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rbacon2rbacon2
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You make an excellent tutor!
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