Business, 03.05.2021 14:30, pennygillbert

The Federal Open Market Committee a. by law must focus on maintaining low inflation rather than stabilizing output. b. by law must focus on stabilizing output rather than maintaining low inflation. c. by law must follow a mechanical rule that takes into account deviations of unemployment from its natural rate and deviations of inflation from a target. d. operates with almost complete discretion over monetary policy.

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The Federal Open Market Committee a. by law must focus on maintaining low inflation rather than stab...