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In: Economics

1. In establishing its monetary policy priorities the Federal Reserve always has to take into account...

1. In establishing its monetary policy priorities the Federal Reserve always has to take into account the economic and social costs of inflation, unemployment, slow GDP growth, what are these economic and social costs? Explain

2. Monetarists dissaprove of how the Federal Reserve conducts monetary policy a) what is it about the Fed's policy process that bothers them? Discuss their criticisms

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