Explain Why a Country with a Central Bank That Is

question 83

Essay

Explain why a country with a central bank that is not independent of external political pressure is a country that tends to have higher inflation.

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Definitions:

Degrees of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution or to a system.

Interval Estimation

A range of values used to estimate a population parameter, typically expressed as a confidence interval.

Margin of Error

The range within which the true population parameter is expected to lie, with a certain level of confidence.

Confidence

In statistics, it often pertains to the degree of certainty or probability that a parameter falls within a specified range.