EBK ECONOMICS TODAY
18th Edition
ISBN: 9780133920116
Author: Miller
Publisher: YUZU
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Question
Chapter 17, Problem 2FCT
To determine
Active or passive Fed Policies influence
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Why can’t the Fed automatically maintain full employment and low inflation?
The Fed has an obligation of the "full employment mandate".
What is that exactly?
How is it connected to the setting of interest rates?
Why can’t the Fed target both the money supply and the interest rate at the same time?
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