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:

Records

Data or information on a particular subject collected and stored systematically, often for reference or analysis.

Currency Data Type

In computer programming, a data type specific for the representation and manipulation of currency values with precision for financial calculations.

Monetary Data

Information or records relating to the management, exchange, value, and use of money.

Database

A structured collection of data stored in a computer system, allowing for efficient retrieval, insertion, and management of data.