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pixiedust7891 pixiedust7891
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A year ago
According to the Taylor rule, for a given inflation rate, ________.

▸ every percentage point increase in the inflation rate increases the federal funds rate by 1.5 percentage points

▸ every percentage point increase in the nominal interest rate increases the federal funds rate by 1 percentage point

▸ if bank reserves double, the federal funds rate should double

▸ if nominal output doubles, the federal funds rate should double
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Macroeconomics

Macroeconomics


Edition: 3rd
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ikiddingikidding
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A year ago
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pixiedust7891 Author
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A year ago
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Thank you, thank you, thank you!
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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