Studies in the 1980s and Early 1990s Showed That, in General

question 151

Multiple Choice

Studies in the 1980s and early 1990s showed that, in general, greater central bank independence

• A) was associated with lower average inflation.
• B) was associated with lower average inflation and higher average real GDP growth.
• C) was associated with lower average inflation and higher unemployment.
• D) was associated with higher average inflation and higher average real GDP growth.

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Definitions:

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