A column in the Wall Street Journal referred to policy actions aimed at fulfilling both sides of

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A column in the Wall Street Journal referred to policy actions aimed at “fulfilling both sides of the Fed’s dual mandate.”
a. Who gave the Fed a dual mandate?
b. Does the Fed’s dual mandate require it to attain a zero percent unemployment rate? Briefly explain.
c. Does the Fed’s dual mandate require it to attain a zero percent inflation rate? Briefly explain.

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Economics

ISBN: 978-0134738321

7th edition

Authors: R. Glenn Hubbard, Anthony Patrick O Brien

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