Argues against federal reserve bank independence

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Reference no: EM131094480

Which of the following argues against Federal Reserve Bank independence?

A. Independence generates larger budget deficits.

B. Compared with politicians, Fed policymakers possess less expertise regarding the management and implementation of monetary policy.

C. Independence means lack of accountability, eliminating the public's ability to recall or replace FOMC members who make poor policy decisions.

D. Increased Federal Reserve bank independence makes political business cycles more likely.

E. Independence promotes an inflationary bias.

Reference no: EM131094480

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