Suppose that the fed has decided to utilize the taylor rule to implement monetary policy. if the actual federal funds rate target is presently below the level specified by the taylor rule and has been lower then this level for several weeks, then this would be a signal thata) monetary policy is very expansionary. b) monetary policy is very contractionary. c) the fed should switch to targeting the money supply instead of the federal funds rate. d) the fed should halt efforts to target the money supply.

Sailcloth & more currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. the company owns land beside its current manufacturing facility that could be used for the expansion. the company bought this land 5 years ago at a cost of $319,000. at the time of purchase, the company paid $24,000 to level out the land so it would be suitable for future use. today, the land is valued at $295,000. the company has some unused equipment that it currently owns valued at $38,000. this equipment could be used for producing awnings if $12,000 is spent for equipment modifications. other equipment costing $490,000 will also be required. what is the amount of the initial cash flow for this expansion project?