Answer the Questions Below

question 66

Essay

Answer the questions below:
(A) What should the Fed do if intlation is at the taret rate and the GDP gap is pasitye?
Esylain u5ing an agregate demand inflation diagram.
(B) What shauld the Fed da if inflation is below the target rate and the GDP gap is positive? Esgalain using an agpegate demand inflation model.

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Definitions:

Specific Union

A particular labor union that represents workers in a specific sector, industry, or company.

Opportunistic Organizing

A strategy by labor unions to capitalize on sudden opportunities to gain new members or push for labor rights enhancements.

Certification Election

A process involving a vote by employees to determine whether they wish to be represented by a particular labor union.

Representative

An individual chosen or elected to act and speak on behalf of a larger group, often in negotiating or legislative contexts.