According to the Taylor Rule

question 9

Multiple Choice

According to the Taylor rule,

• A) the Fed would have the discretion to choose an appropriate inflation rate
• B) the Fed would announce targets for the inflation rate and real GDP
• C) the Fed would allow the inflation rate to increase by about 0.5 percent per year
• D) the Fed would allow the price level to increase by about 0.5 percent per year
• E) Congress would set an annual inflation rate target.

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A court that typically has general jurisdiction over a wide range of cases, often covering several counties or districts.

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The authority to make laws and alter or repeal them, usually vested in a governmental legislature or parliament.

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The authority given to courts and judges to interpret and apply the law, adjudicate legal disputes, and enforce justice.

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The authority granted to the executive branch of a government, including the enactment and enforcement of laws.