23. An understanding of the state of the economy, projections on economic growth, the floor framework, and the way the Federal Reserve works allows you to: a. understand which way interest rates might...

Extracted text: 23. An understanding of the state of the economy, projections on economic growth, the floor framework, and the way the Federal Reserve works allows you to: a. understand which way interest rates might change. b. accurately forecast the spread between short-term and long-term interest rates. c. predict the size of the future output gap. d. predict the exact inflation rate in the future.