Why Is Accountability for Monetary Policy Choices (As Opposed to Giving

Multiple Choice

Why is accountability for monetary policy choices (as opposed to giving policymakers undisciplined discretion) important?

A) Monetary policy has a large and lasting influence on aggregate demand and therefore on employment and income.
B) Elected policymakers can benefit from manipulating monetary policy.
C) Monetary policy announcements will be more credible.
D) Countries with the most independent central banks tend to have the highest rates of inflation.