Question: Use the table below to answer the following questions. FF - the federal funds rate PCE INF = PCE ination PCE CORE = the core

Use the table below to answer the following questions. FF - the federal funds rate PCE INF = PCE ination PCE CORE = the core rate of PCE Ination GDP = real GDP GDP POT = potentlal (real) GDP UR = the unemployment rate DATES FF PCEINF PCE CORE GDP GDPPOT UR 2004-04-01 1.01 2.5 1.9 13710.7 13833.5 5.6 2007-04-01 5.25 2.3 2.0 14841.5 14859.1 4.5 Use the data from 2004-04-01 to answer parts a), b), and c)

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