Why Is the ECB Considered to Be Slightly More Independent

question 73

Essay

Why is the ECB considered to be slightly more independent than the Federal Reserve?

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Definitions:

Aggregate Supply

The total supply of goods and services that firms in an economy plan on selling during a specific time period at prevailing price levels.

Technology Advances

Progress in technology that improves efficiency, creates new products, or enhances the quality of existing products.

Aggregate Supply

The overall volume of goods and services that enterprises in an economy expect to sell within a specific time interval.

Aggregate Demand

The combined quantity of goods and services that is sought in the economy, set at a certain price level for a specific period.