Central bank independence
A) allows the central bank to pursue full employment policies without regard to inflation
B) shortens the information lag associated with monetary policy
C) prevents the central bank from having any significant impact on economic variables
D) removes the central bank from political influence and the government's inflationary bias
E) is a myth, since Federal Reserve chairmen have historically done the bidding of American presidents
Correct Answer:
Verified
Q26: The increase in unemployment needed to reduce
Q27: The next questions refer to the following.
Suppose
Q28: A tax cut
A) pushes the inflation-unemployment coordinates
Q29: The next questions refer to the following.
Suppose
Q30: In the long run,the Phillips Curve
A) slopes
Q32: The next questions refer to the following.
Suppose
Q33: Which of the following would most likely
Q34: The sacrifice ratio is likely to be
Q35: Time-inconsistency in monetary policy is most likely
Q36: Consider the following Canadian data. Year Inflation
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