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The Main Argument in Favor of Fed Independence Is That

Question 71

Multiple Choice

The main argument in favor of Fed independence is that


A) interest rates would probably be lower if Congress controlled the Fed; thus hurting savers.
B) the Constitution requires it.
C) monetary policy is too important and too technical to be determined in the political arena.
D) congressional control of the Fed was tried during the 1960s and did not work well.

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