Which of the following is an argument against the independence of the Federal Reserve System (Fed) from all political influences? Question 43 options: a) It is undemocratic to have monetary policy controlled by an elite and exclusive group b) To achieve economic goals, it makes sense to place both monetary and fiscal policies under the control of the Congress and the President. c) The monetary policy makers at the Fed must be allowed to have a long-term view d) all of the above e) only (a) and (b) of the above