Question: Why do countries with less independent central banks tend to have higher inflation rates? Is it possible for the central bank to increase output and
Why do countries with less independent central banks tend to have higher inflation rates? Is it possible for the central bank 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.
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Less independent means the central bank is to some extent controlled by the government If the govern... View full answer
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