Which of the following are differences between the Fed and the European Central Bank which explain the slow response of the ECB to the economic slowdown in Europe?
A) The ECB is unable to compromise between the needs of high and low unemployment nations like France and Ireland.
B) The ECB has many policy targets.
C) The ECB inflation target includes energy costs which cause it to be more likely to raise interest rates when energy costs rise.
D) All of the above.
Correct Answer:
Verified
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