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The independence of a central bank is essential for it to control inflation because (a) the faith in a country's currency resides in the check
The independence of a central bank is essential for it to control inflation because (a) the faith in a country's currency resides in the check and balance between different parts of a government. (b) only the central bank knows what is the best for an economy. (c) an independent bank is more likely to use inflation-unemployment tradeoff to stimulate economy. (d) printing money is a way for a government to pay its bill. An independent central bank is more likely to resist this temptation.
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