Quizket Suppose that inflation is 2 percent, the federal funds rate is 4 percent, and real GDP is 2 percent below potential GDP. According to the Taylor rule, in what direction and by how much should the Fed change the real federal funds rate?

12 feet because you take 10 feet and multiply by 12 to make it inches then divide that by 15 to find the scale factor and it is 8 so you take 18 and multiple that by 8. You get 144. You then divide that by 12 to convert it back to feet and you get 12 feet.