Critics of Fed Independence Argue That

question 79

Multiple Choice

Critics of Fed independence argue that

• A)monetary policy and fiscal policy are necessarily inconsistent.
• B)political control ensures low rates of inflation.
• C)monetary policy run by specialists is inherently inflationary.
• D)unelected officials are undemocratic.

---

Definitions:

Common Stock

Equity shares issued by a corporation, representing ownership interests and voting rights in the company.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the owners' claim on the company's assets.

Note Payable

A documented commitment to repay a certain sum of money along with interest at an agreed-upon date in the future.

Long-term

Refers to assets, liabilities, or investments expected to be held or relevant for a period exceeding one year.