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.

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Definitions:

Declaratory Judgment Action

A legal procedure wherein the court determines the rights of parties without ordering any specific action or awarding damages.

Subrogation Action

A legal action where an insurer seeks to recover the amount of an insurance claim paid to the insured from the party responsible for causing the loss.

Indemnity Action

A legal action seeking compensation for damages or loss from another party as recompense for harm suffered.

Duty To Defend

The duty to defend entails a legal obligation, often found in insurance policies, where the insurer must provide legal defense to the insured party in case of a lawsuit that falls under the policy coverage.