$75, $97, $360, $84, $119, $100 Find the median a. 45 b. 98.5 C. 97 d. 100
1 answer:
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Answer:
1.5%
Step-by-step explanation:
According to the Taylor rule, the federal funds rate targeted by the Fed is:
Where AI is the actual inflation (1%), DI is the desired inflation (2%) and PD is the deviation from potential (2%):
The Fed should target a federal funds rate of 1.5%.