Suppose that the following data pertain to 2021 (these are approximately true values): Actual inflation rate =6 percent Real GDP =19,355.00 Potential GDP =19,750.00 According to Taylor Rule the federal funds rate (FFR) in 2021 should have been: a. FFR=6 percent b. FFR=7 percent c. FFR=8 percent c. FFR=9 percent e. None of the above.

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