According to the taylor rule, the fed should raise the federal funds interest rate when inflation the fed's inflation target or when real gdp the fed's output target.

rises above; rises above

Explanation:

According to the Taylor rule, the Fed should raise the federal funds interest rate when inflation rises above the Fed's inflation target or when real GDP rises above the Fed's output target.

The Federal Reserve seeks to control inflation by influencing interest rates. When inflation is too high, the Federal Reserve typically raises interest rates to slow the economy and bring inflation down.

Explanation:

answer; (a) conduct a worksite inspection;