According to the taylor rule, what is the federal funds target rate under the following conditions?

-equilibrium real federal funds rate equals 4%

-target rate of inflation equals 4%

-current inflation rate equals 3%

real gdp is 1% below potantial real gdp

the federal funds target rate equals _%(rounded answer to two decial places.)

Which of the following is not a characteristic of enterprise applications that cause challenges in implementation? a. they introduce "switching costs," making the firm dependent on the vendor. b. they cause integration difficulties as every vendor uses different data and processes. c. they are complex and time consuming to implement. d. they support "best practices" for each business process and function. e. they require sweeping changes to business processes to work with the software.