Problem
1. Would it be a good idea to have monetary policy makers set the federal funds rate solely using the Taylor rule?
2. How can the monetary authorities target any inflation rate they want to?
3. Explain the processes of cost-push and demand-pull inflation. How do macroeconomists distinguish between the two?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.