The equilibrium real fed funds rate is 2 the inflation, Business Economics

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The equilibrium real fed funds rate is 2 the inflation

The equilibrium real fed funds rate is 2%, the inflation target is 2% and the growth rate of potential output is 3%. If inflation is 8% and output growth is 6%, find the federal funds rate recommended by the Taylor Rule. (Note: The output gap is output growth minus potential output growth.)

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