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%.
Answer:
Step-by-step explanation:
GIVEN: The weight, in pounds, of a newborn baby months after birth can be modeled by the function
.
TO FIND: What is the y-intercept of the function and what is its interpretation in the context of the problem.
SOLUTION:
in
if
Hence y-intercept is
the y-intercept in this represents the weight of baby just after he is born.