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Interest rates are at a near all-time low and near zero as well. This has helped to stabilize and improve the economy over the past 6 years, and unemployment is now below where it was in late 2007, at 4.7%. The Federal Reserve is now contemplating increasing interest rates in early 2017 in order to forestall potential inflation. If you were an outside advisor to Fed Chair Janet Yellen what advice would you give to her and why?
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This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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