Most Economists Agree That a Well-Designed Central Bank Would

question 6

Multiple Choice

Most economists agree that a well-designed central bank would:

• A) be independent of political pressure.
• B) make its policy actions difficult to interpret.
• C) be accountable only to other banks.
• D) be run by one key policy maker.

---

Definitions:

Brightness Constancy

The human perception of an object's brightness remaining constant even when the illumination conditions change.

Lightness Constancy

A visual perception principle where an object's perceived lightness remains constant despite changes in illumination.

Perceptual Adaptation

The capacity of the body to adapt to its surroundings by eliminating distractions.

Phi Phenomenon

The optical illusion of perceiving a series of stationary images in rapid succession as continuous motion.