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Many countries do nInflation changes from 0 percent to 1 percent. Given empirical data on the Phillips curve and Okun's law, we can expect cyclical
Many countries do nInflation changes from 0 percent to 1 percent. Given empirical data on the Phillips curve and Okun's law, we can expect cyclical unemployment to be approximatelot have a central bank that is separated from its government. What are some of the benefits of having an independent central bank? (a) keeping business cycles separate from political cycles (b) better control over inflation (c) reduction of deficit spending (d) all of the above
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