A dependence between a country's central bank and its government has been shown to lead to a higher occurrence of above normal inflation and deeper recessions. How did the founders of the Federal Reserve system structure the Fed in order to promote its independence from the U.S. government? a. They dedicated a part of the U.S. government's budget to cover its costs of operation b. They allowed the Federal Reserve to finance budget deficits and the national debt if needed c. They set it up as 12 regional banks representing local interests in monetary policy making, instead of a single central bank d. They set up the term of service for each member of the Board of Governors to exceed the terms of service of the U.S. president