Compared with open-end funds, closed-end funds

a. Tend to invest in less liquid assets

b. Tend to invest in foreign assets

c. Tend to invest in Treasury securities

d. Are actively managed to seek a target return

If output were at potential and inflation were 4 percent (2 percent above the central bank’s target), the appropriate setting of the federal funds rate under a Taylor would be

		a. 4 percent
		b. 7 percent
		c. 6 percent
		d. Cannot be determined from the information given

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The detailed answer for the above question is provided below Closedend vs Openend Funds Of the optio... View the full answer