Circle the best answer 2) The Taylor Rule and Taylor Principle (Ch 16pg,395 ) are similar but slightly different. a) the first assumes a change in inflation; and the second assumes inflation and output are at given levels. b) the first assumes inflation and output are at given levels; and the second assumes a change in inflation. Circle the best answer 2) The Taylor Rule and Taylor Principle (Ch 16pg,395 ) are similar but slightly different. a) the first assumes a change in inflation; and the second assumes inflation and output are at given levels. b) the first assumes inflation and output are at given levels; and the second assumes a change in inflation