Advocates of Fed Independence Fear That Subjecting the Fed to Direct

question 85

Multiple Choice

Advocates of Fed independence fear that subjecting the Fed to direct presidential or congressional control would

• A) impart an inflationary bias to monetary policy.
• B) force monetary authorities to sacrifice the long-run objective of price stability.
• C) make the so-called political business cycle less pronounced.
• D) do all of the above.
• E) do only A and B of the above.

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