Question: Question 1 Why do countries with less independent central banks tend to have higher inflation rates? Is it possible for the central banks to increase

Question 1

  • Why do countries with less independent central banks tend to have higher inflation rates?
  • Is it possible for the central banks to increase output and reduce unemployment in the long run?
  • In the long run, is the German model a good one? Explain why or why not.

Question 2

In your opinion, what are the top three challenges in the global economy we face in the near future?

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