Question: The Taylor rule is O an approximation that seeks to explain how the FOMC sets their target. O very accurate at predicting changes in unemployment

The Taylor rule is O an approximation that seeks to explain how the FOMC sets their target. O very accurate at predicting changes in unemployment resulting from changes in the money supply. the formula for setting monetary policy that is followed explicitly by the FOMC. O a rule adopted by Congress to make the Fed's monetary policy more accountable to the public

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