Oatley suggests that there has been very little research focused on understanding why different independent central banks behave and implement policies differently.

Solved

According to Oatley

Question 22

Multiple Choice

According to Oatley,

A) very little research energy has been devoted to considering why the behavior and policies of one independent central bank differs substantially from the behavior and policies of another.
B) a great deal of research energy has been devoted to considering why the behavior and policies of one independent central bank differs substantially from the behavior and policies of another.
C) most scholarship on central banks assumes that all independent central banks are fundamentally different.
D) freed from the pressures of electoral politics, independent central banks are generally assumed to pursue price flexibility.
E) freed from the pressures of electoral politics, independent central banks are generally assumed to pursue the minimum financial regulations possible.

Correct Answer: