Multiple Choice
Central-bank independence refers to:
A) whether central banks pursue monetary policy by rules or discretion.
B) the situation that occurs when the inside lag of monetary policy is not related to the outside lag.
C) the extent to which automatic stabilizers are relied on to cushion economic volatility.
D) the degree of separation between central-bank decision making and political influence.
Correct Answer:
Verified
Correct Answer:
Verified
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