The simple monetary policy rule R, - 7 = m (7, - T) implies that if:the Federal Reserve should lower the interest rate., 5t,the Federal Reserve should lower the interest rate. All of these answers are correct.the Federal Reserve should raise the interest rate.X=the interest rate is zero.

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The simple monetary policy rule R, - 7 = m (7, - T) implies that if:the Federal Reserve should lower the interest rate., > 5t,the Federal Reserve should lower the interest rate. All of these answers are correct.the Federal Reserve should raise the interest rate.X=the interest rate is zero.

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