An article in the Wall Street Journal quoted a Federal Reserve economist as referring to the Fed's

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An article in the Wall Street Journal quoted a Federal Reserve economist as referring to "the Fed's existing dual mandate to achieve maximum sustainable employment in the context of price stability."
a. Does "maximum sustainable employment" mean a zero percent unemployment rate? Briefly explain.
b. Does "price stability" mean a zero percent inflation rate? Briefly explain.
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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