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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:

Yearly Income

The total amount of money earned by an individual or entity in one year.

Estimated Regression

A statistical process for estimating the relationships among variables, predicting one variable based on the value of others.

SSE

Sum of Squared Errors, a measure of the difference between the observed and predicted values in statistical models.

Male

Refers to the biological sex that is typically characterized by the XY chromosome pair and is associated with the production of sperm.

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