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Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 5
An important reason why members of the Federal Reserve's Board of Governors are each given extremely long, 14-year terms is to:
A) Insulate members from political pressures that could result in inflation.
B) Help older members avoid job searches before retiring.
C) Attract younger people with lots of time left in their careers.
D) Avoid the trouble of constantly having to deal with new members.
A) Insulate members from political pressures that could result in inflation.
B) Help older members avoid job searches before retiring.
C) Attract younger people with lots of time left in their careers.
D) Avoid the trouble of constantly having to deal with new members.
Explanation
Verified
Verified
Hence, the correct answer is a. Insulate...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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