Examlex
If the inflation rate target is 2%,the current inflation rate is 3%,and the output gap is 2%,then according to the Taylor rule,the nominal federal funds rate should be ________ percent.
Population Proportion
The fraction of members in a group that possess a particular characteristic, often expressed as a percentage of the total population.
Confidence Interval
An assortment of values, from sampled evidence, which possibly contains the value of an unknown parameter of the population.
Estimator
An estimator refers to a statistic used to estimate the value of a population parameter based on sample data.
Significance Level
The probability of rejecting the null hypothesis in a statistical test when it is actually true, typically denoted by alpha (α).
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