please do both questions and explanation for the like and thumps up.

ray 10) The case FOR Federal Reserve independence includes the idea that Select one: an a political pressure would impart an inflationary bias to monetary policy b. a politically insulated Fed would be more concerned with long-run objectives and thus be a defender of a sound dollar and a stable price level c. a Federal Reserve under the control of Congress or the president might make the so-called political business cycle more pronounced d. all of the above. 11) Which of the following statement is true regarding the lender of last resort Select one: a. Under the current pandemic period, the Fed is taking more effort to serve as lender as last resort by purchasing commercial papers b. Under the current pandemic period, the Fed is injecting money into REPO market to help as lender of last resort c. Federal Reserve Systems don't usually encourage banks to borrow from them as they are the fender of last resort d. All of the above e. Only A and B above