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:

Questionnaire

A research instrument consisting of a series of questions for the purpose of gathering information from respondents.

Internal Consistency

The degree of reliability within a test—the extent to which different parts of the same test yield the same results.

Split-Half Reliability

A measure of internal consistency, often ascertained by comparing responses on odd-numbered test items with responses on even-numbered test items and seeing if the scores for these responses are correlated.

Coefficient Alpha

A method for evaluating internal consistency, calculated by averaging the intercorrelations of all the items on a given test. The higher the coefficient alpha, the higher the internal consistency.