The main argument against Fed independence is that
A) in a democracy elected officials should make public policy.
B) monetary and fiscal policy would be easier to coordinate if the Fed were not independent.
C) the Fed has proven irresponsible on many occasions.
D) congressional control was tried during the 1960s and it worked well.
A
Economics
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Critics of advertising argue that it:
a. lowers price by increasing competition. b. results in more variety of products. c. establishes brand loyalty, which promotes competition. d. serves as a barrier to entry for new firms.
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One would expect to observe a diminishing marginal product of labor when crowded office space reduces the productivity of new workers
a. True b. False Indicate whether the statement is true or false
Economics