Macroeconomics 13th Edition by William Baumol ,Alan Blinder

Exercise 11

Many observers think that the Federal Reserve succeeded in using deft applications of monetary policy to "finetune" the U.S. economy into the full-employment zone in the₁990s without worsening inflation. Use the data on money supply, interest rates, real GDP, unemployment, and the price level given on the inside back cover of this book to evaluate this claim.