The table below gives the Fed funds rate target at the end of each year shown. Year
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The table below gives the Fed funds rate target at the end of each year shown.
Year | Federal Funds Target Rate |
1 | 5.00% |
2 | 5.25 |
3 | 4.25 |
4 | 0.25 |
Using these figures, describe how the monetary policy directions changed from Year 1 through Year 4.
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