Lower inflation is more important than lower unemployment

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Describe the main goals of the Federal Reserve. What happens when these goals come into conflict? Explain how the Fed would decide if lower inflation is more important than lower unemployment? Would this decision be handled differently in the U.S. than in the European Union? Why? Explain how the fed would attempt to increase inflation if they believed it was too far below their target of 2%.

Reference no: EM131523475

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