According to the political business cycle theory,if the central bank wanted to see an incumbent re-elected,prior to the election it might

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According to the political business cycle theory, incumbent governments may put pressure on the central bank to conduct expansionary monetary policy before an election in order to stimulate the economy and improve their prospects for re-election. Lowering the discount rate can stimulate economic activity by making borrowing cheaper for banks, which in turn can lead to increased lending to households and businesses. Buying bonds can increase the money supply, further stimulating economic activity. Therefore, the best choice would be to lower the discount rate and buy bonds.

According to the Political Business Cycle Theory,if the Central Bank