1. “Historically, when interest rates are high, the inflation rate is high. High interest rates are a major cause of inflation.” Evaluate this statement. 2. What is the Taylor Rule? Why is the Taylor...

1. “Historically, when interest rates are high, the inflation rate is high. High interest rates are a major cause of inflation.” Evaluate this statement.

2. What is the Taylor Rule? Why is the Taylor Rule important? What did the Taylor Rule indicate about monetary policy during 2002–2006?

May 26, 2022

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1. “Historically, when interest rates are high, the inflation rate is high. High interest rates are a major cause of inflation.” Evaluate this statement. 2. What is the Taylor Rule? Why is the Taylor...

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