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, and 3,200 packages inAbigail's Bake Shop produces cheese bread sticks. The company expects to sell 3,000 packages of the cheese bread sticks in January, 2,800 packages in February March. There are 300 packages in the beginning inventory on the first of January. Also, the company wishes to maintain an ending inventory of 10 percent of the next month's sales.
How many packages should Abigail's produce in January?How many packages should Abigail's produce in February?
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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