Some observers have suggested that the Fed use gold as an indicator of inflation and tighten monetary

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Some observers have suggested that the Fed use gold as an indicator of inflation and tighten monetary policy when gold prices rise. What are the pros and cons of this policy?

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Macroeconomics Principles Applications and Tools

ISBN: 978-0134420684

9th edition

Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez

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Question Posted: Oct 25, 2016 10:58 AM

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Some observers have suggested that the Fed use gold as an indicator of inflation and tighten monetary

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Gold might be a good early warning sign for inflation so targeti...View the full answer

Macroeconomics Principles Applications and Tools

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