Question: Please help to solve this problem Is the difference between the two lines just due to random fluctuations? Give a short explanation of your answer.

Please help to solve this problem

Is the difference between the two lines just due to random fluctuations? Give a short explanation of your answer.

Please help to solve this problemIs the difference between the two lines

Impulse Responses of Monetary Policy Shocks for Different Taylor Rule Identifying Assumptions Response of Inflation Response of Unemployment -0.5 0.0 0.5 in 0.0 Percent Percent -1.5 -0.5 -1.0 -2.5 L 4 8 12 16 20 24 10 8 12 16 20 24 Lag Lag Response of Real Interest Rates 2.5 -0.5 0.5 1.5 Percent 2.5 4 8 12 16 20 24 Lag

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