Using Taylor's rule, when the equilibrium real federal funds rate is 3 percent, the positive output gap is 2 percent, the target inflation rate is 1 percent, and the actual inflation rate is 2 percent, the nominal federal funds rate target should be _____

Using Taylor's rule, when the equilibrium real federal funds rate is 3 percent, the positive output gap is 2 percent, the target inflation rate is 1 percent, and the actual inflation rate is 2 percent, the nominal federal funds rate target should be 6.5 %.

[tex]3+2+\frac{2-1}{2} +\frac{2}{2} = 6.5[/tex]

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Using​ Taylor's rule, when the equilibrium real federal funds rate is 3​ percent, the positive output gap is 2​ percent, the target inflation rate is 1​ percent, and the actual inflation rate is 2​ percent, the nominal federal funds rate target should be _____

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Using Taylor's rule, when the equilibrium real federal funds rate is 3 percent, the positive output gap is 2 percent, the target inflation rate is 1 percent, and the actual inflation rate is 2 percent, the nominal federal funds rate target should be _____