please do both questions and explanation for the like and thumps up.

12) Critics of the current system of Fed independence contend that Select one: a. the current system is undemocratic to have monetary policy controlled by an elite group responsible to no one. b. voters have too much say about monetary policy. c. the president has too much control over monetary policy on a day-to-day basis. d. all of the above are true. 13) SUPPOSE legislation requiring the Fed to keep the inflation rate betwoen 1.5% and 2.5% per year has to be reviewed and passed by Congress. This law restricts the Fed's Select one: a instrument independence. b.goal independence. G both A and B of the above. d. neither A nor B of the above