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What Actions Should the Fed Take If It Believes the Economy

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Essay

What actions should the Fed take if it believes the economy is about to experience a high rate of inflation?


Definitions:

Less Than

A comparative term used to indicate that one quantity or number is smaller than another.

Z-scores

A numerical indicator showing how a specific value compares to the average of a set of numbers, expressed by how many standard deviations it is from the average.

Standard Normal Distribution

A normal distribution with a mean of 0 and a standard deviation of 1, used as a basis for comparison in statistical analysis.

Greater Than

A mathematical comparison indicating that one quantity is larger than another.

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