The rate of inflation in a hypothetical economy is projected to be 1.5% in the coming quarter. Given this information, the Federal Reserve is likely to _____.(1 point)
Responses
make efforts to maintain the inflation rate because 1.5% is the desired rate of inflation
make efforts to maintain the inflation rate because 1.5 percent is the desired rate of inflation
make efforts to lower the inflation rate because 1.5% is greater than the desired rate of inflation
make efforts to lower the inflation rate because 1.5 percent is greater than the desired rate of inflation
take no action because 1.5% is the ideal inflation rate
take no action because 1.5 percent is the ideal inflation rate
make efforts to raise the inflation rate because 1.5% is below the desired rate of inflation