Briefly describe any one challenge that the Bank of Canada faces in its attempt to control money supply in Canada. Suppose that your instructor asked you to explain to other students, in your own words, the concept of central bank independence. What is central bank independence? What are the macroeconomic consequences of central bank independence? Suppose that your instructor also asked you to explain to other students, in your own words, the concept of central bank credibility. What is central bank credibility? What are the macroeconomic consequences of central bank credibility?