Recall Application 2, "Increased Political Independence for the Bank of England

question 47

True/False

Recall Application 2, "Increased Political Independence for the Bank of England Lowered Inflation Expectations," to
answer the following questions:
-Based on the application, the Bank of England's independence lowered the public's expectations of inflation.

---

Definitions:

Secondary Data

Marketing data that have been gathered, tabulated, and made available by an outside source.

Secondary Information

Data that has been collected previously by someone else, used for research or analysis.

Primary Data

Data that is collected firsthand by the researcher for a specific research purpose or project.

Tertiary Data

Information that has been collected and processed from secondary sources rather than obtained directly from original sources.