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Why Do Most Economists Believe That It Is Important for a Country's

question 27

Essay

Why do most economists believe that it is important for a country's central bank to be independent of the rest of the country's central government?


Definitions:

Selye

Refers to Hans Selye, a pioneering endocrinologist known for his research on the stress response, conceptualizing it as the General Adaptation Syndrome.

Alcoholism

A chronic condition characterized by an uncontrollable urge to consume alcohol despite adverse consequences, often involving physical dependence.

American Medical Association

A professional group that publishes research and guidelines related to medical practices and healthcare in the United States.

Disease

A condition that impairs normal body functioning, often caused by pathogens, genetic factors, or environmental exposures.

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