Approaches to Establishing Central Bank Credibility Include

question 15

Multiple Choice

Approaches to establishing central bank credibility include

• A)continued success at keeping inflation under control.
• B)central bank independence.
• C)appointment of a more conservative central banker.
• D)all of the above.

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Definitions:

Learning Theory Approach

A theoretical framework that emphasizes the importance of environmental interactions, experiences, and reinforcement in the learning process.

Reinforces Behavior

Any consequence that strengthens or increases the frequency of a behavior.

Universal Grammar

is a theory in linguistics proposing that the ability to acquire language is innate to humans and that all languages share a common underlying structure.

Similar Underlying Structure

Refers to different elements or systems having a fundamentally alike foundation or organization despite surface differences.