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edelynpl edelynpl
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2 years ago
Suppose the inflation rate target is zero and the long-run federal funds target is also zero. If the federal funds rate set using the Taylor rule is 1.5 percent and inflation rate is 3 percent, the output gap is ________.

▸ 4.5 percent

▸ 1.5 percent

▸ −6 percent

▸ 6 percent
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Macroeconomics

Macroeconomics


Edition: 3rd
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neginakbarinneginakbarin
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edelynpl Author
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2 years ago
Just got PERFECT on my quiz
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Brilliant ツ
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Thank you, thank you, thank you!
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