Studies by Economists Have Tended to Show That Countries with More

question 86

Multiple Choice

Studies by economists have tended to show that countries with more independent central banks have

• A) more inflation.
• B) less inflation.
• C) higher unemployment.
• D) lower unemployment.

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Definitions:

Judgment

The capability to reach reasoned decisions or sensible judgments.

Heuristic Thinking

A cognitive process that simplifies decision making by using practical methods or experiential rules of thumb, often at the cost of accuracy or thoroughness.

Elimination by Aspect Heuristic

A decision-making process where alternatives are discarded by systematically evaluating them against a set of criteria.

Error

A mistake or discrepancy caused by a failure in judgment, incorrect reasoning, or an oversight.