One Argument for an Independent Central Bank Is

question 57

Multiple Choice

One argument for an independent central bank is:

• A)Successful monetary policy requires a long time horizon usually well beyond the next election of most public officials
• B)Without independence competent people would not take a position in a central bank
• C)The central bank usually hires more competent individuals than the Treasury department or other finance ministries
• D)Central bankers have a short-run focus that usually corrects problems faster

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Definitions:

Biomedical Therapy

A treatment modality targeting biological underpinnings of mental disorders through medication or other medical procedures.

Electroconvulsive Shock Therapy

A psychiatric treatment in which seizures are electrically induced in patients to provide relief from mental disorders.

Psychoanalytic

Relating to a theory of psychology which emphasizes unconscious psychological processes and is credited to Freud.

Positive Transference

The phenomenon in psychotherapy where a patient projects positive feelings for someone from their past onto the therapist.