How does the time consistency problem apply to the conduct of monetary policy? How might long terms of office for central bankers help overcome this? Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click the option twice to empty the box, Long terms slow central bankers to develop reputations that enhance policy credibility Long appointments allow central bankers to renege on desirable short run policies for long-term gains. Long appointments low central bankers to resist reneging on desirable long-run policies for short term galns