One argument for an independent central bank is:
A) successful monetary policy requires a long time horizon usually well beyond the next election of most public officials.
B) without independence competent people would not take a position in a central bank.
C) the central bank usually hires more competent individuals than the Treasury department or other finance ministries.
D) central bankers have a short-run focus that usually corrects problems faster.
Correct Answer:
Verified
Q49: The operational components required for truly independent
Q50: In the United States, monetary policy is
Q51: In the United States, one problem with
Q52: The interest rate decisions made by the
Q53: To be independent, a central bank must
Q55: Most central banks of industrialized countries have
Q56: Exchange-rate stability is likely to be a
Q57: Central banks are in a position to
Q58: Empirical research seems to verify that:
A) countries
Q59: The 1990s saw inflation fall and real
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