Research for a Number of OECD Countries Suggest That Inflation

question 24

Multiple Choice

Research for a number of OECD countries suggest that inflation will be lower:

• A) where the terms of the heads of central banks coincide with the terms of elected officials.
• B) if the heads of central banks are chosen by election.
• C) the more independent the central bank.
• D) when there are close ties between the central bank and the government.
• E) the less independent the central bank.

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Definitions:

Self-Appraisal

The process through which an individual evaluates their own work performance, achievements, and areas for improvement.

Conditioning Process

The conditioning process is a method of behavioral training in which a response becomes more frequent or predictable due to reinforcement with a stimulus.

Shaping

A method of teaching or training in which successive approximations towards a desired behavior are rewarded.

Chaining

A method used in behavior psychology and learning that involves teaching a complex activity or behavior by linking together simpler tasks or elements.