According to Oatley,granting the Central Bank Independence Should Lead to

question 33

Multiple Choice

According to Oatley,granting the central bank independence should lead to

• A) short-term lower inflation.
• B) short-term lower unemployment.
• C) short-term political convenience.
• D) long-term higher economic growth.
• E) long-term higher unemployment.

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Definitions:

Self-Actualization

Attaining one's utmost talents and potential, recognized as a deep-seated drive or compulsion in everybody.

Esteem

A sense of self-worth or value that one attributes to oneself.

Physiological

Relating to the functions and processes of living organisms and their parts, including physical and chemical processes.

Self-Actualization

The achievement or actualization of personal talents and potential, often regarded as a universal motivation or necessity within every individual.