Critics of Bank of Canada Independence Argue ________

Critics of Bank of Canada independence argue ________.

A) that it is undemocratic to have monetary policy controlled by an elite group responsible to no one
B) that an independent Bank of Canada conducts monetary policy with a consistent inflationary bias
C) that the Bank of Canada, since it does not face a binding budget constraint, spends too much of its earnings
D) Only A and B of the above.