Explain about the more independent central banks.

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Chapter 16, Problem 6QQ

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Explain about the more independent central banks.

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A study conducted by Alberto Alesina and Lawrence Summers concluded that countries with had lower inflation rates than countries with Group of answer choices A. highly independent central banks; central banks that have little independence B. low rates of unemployment; high rates of unemployment C. no private banking system; an independent banking system D. a large government debt; little to no government debt

In modern developed economies, central banks (like the U.S. Federal Reserve System) perform at least two major tasks; they: Select one: a. conduct fiscal policy and serve as financial intermediaries. b. control the money supply and collect tax revenues. c. conduct fiscal policy and serve as lenders of last resort. d. control the money supply and regulate banks.

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