In 2012, the Federal Reserve joined many other central banks by making explicit a numerical target for
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In 2012, the Federal Reserve joined many other central banks by making explicit a numerical target for inflation. Explain how stating that an annual inflation rate of 2 percent over the long run is most consistent with its mandate can help the Federal Reserve fulfill that mandate?
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Setting a specific numerical target for inflation such as an annual rate of 2 percent over the long run serves several purposes in helping the Federal ...View the full answer
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Related Book For 
Money Banking And Financial Markets
ISBN: 9781260226782
6th Edition
Authors: Stephen Cecchetti, Kermit Schoenholtz
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