Question
Which of the following is an argument against Fed independence? a. Independence is undemocratic b. Independence reduces the likelihood of inflationary bias c. Independence reduces
Which of the following is an argument against Fed independence?
a. Independence is undemocratic
b. Independence reduces the likelihood of inflationary bias
c. Independence reduces the potential for a political business cycle
d. Independence reduces the principal-agent problem for politicians
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Contemporary Economics An Applications Approach
Authors: Robert Carbaugh
8th Edition
1138652199, 978-1138652194
