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The Fed begins with the conclusion that economic growth is either undesirably rapid or uncomfortably slow. Having made the conclusion that unwanted economic conditions are likely to persist or worsen without some direct policy action, the Fed will implement either a restrictive or expansionary monetary policy...
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The Fed begins with the conclusion that economic growth is either undesirably rapid or uncomfortably slow. Having made the conclusion that unwanted economic conditions are likely to persist or worsen without some direct policy action, the Fed will implement either a restrictive or expansionary monetary policy...
Essay fragment
General points of the essay
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