The Main Argument Against Fed Independence Is That

question 54

Multiple Choice

The main argument against Fed independence is that

• A)in a democracy elected officials should make public policy.
• B)monetary and fiscal policy would be easier to coordinate if the Fed were not independent.
• C)the Fed has proven irresponsible on many occasions.
• D)congressional control was tried during the 1960s and it worked well.

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Definitions:

Skill Variety

The extent to which a job requires a variety of different activities in carrying out the work, involving the use of multiple skills and talents of the employee.

Skill Variety

The degree to which a job requires a range of different activities and skills to complete its tasks.

Varied Expertise

The possession of knowledge and skills across a broad range of areas or disciplines, contributing to versatility and adaptability in professional contexts.

Job Depth

The degree of control, creativity, and autonomy an employee has over their work tasks, often leading to higher job satisfaction.