Question: can you explain our policy decision will be informed by our assessments of the shortfalls of employment from its maximum level rather than by

can you explain "our policy decision will be informed by our "assessments of theshortfallsof employment from its maximum level" rather than by "deviationsfrom its maximum level" as in our previous statement.'Please explain why the FED changed the word "deviations" to "shortfalls" and what it means to ongoing monetary policy?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!