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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 16
The following quotation comes from remarks given by Ben Bernanke, chairman of the Federal Reserve. Which part of the dual mandate does the quote refer to? What is the other part of the dual mandate?
"The substantial ongoing slack in the labor market and the relatively slow pace of improvement remain important reasons that the Committee continues to maintain a highly accommodative monetary policy." 5
"The substantial ongoing slack in the labor market and the relatively slow pace of improvement remain important reasons that the Committee continues to maintain a highly accommodative monetary policy." 5
Explanation
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Objectives of Monetary Policy:
The Cent...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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