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Which of the following arguments SUPPORTS Fed independence? O A We are a Democracy, we should elect our leaders. O B. The Feds have not

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Which of the following arguments SUPPORTS Fed independence? O A We are a Democracy, we should elect our leaders. O B. The Feds have not always been successful in the past, consider the Great Depression and the Great recession If we hold the President responsible for the economy, shouldn't we give him the tools to manage it? D. Most politicians lack the wherewithal to successfully manage monetary policy QUESTION 15 Which of the following arguments is AGAINST Fed independence? We are a Democracy, shouldn't we get to vote for our leaders? OB. The majority of the people in the U.S. would not know who to vote for, as they do not understand monetary policy. O Politicians have shown an inability to make hard choices, and are more focused on getting re-elected. OD. Political pressure will add to an inflationary bias

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