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:
The Lowest Common Denominator is 30 9/10 = 27/30 5/6 = 25/30
Answer:
21.72
Step-by-step explanation:
0.07 x 20.30
1) Midpoint : (7/2,1/2), Quadrant 1
2. Midpoint: (5,1/2), Quadrant 2
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