Insert Draw Share Comments Home Page Layout Give Up? Assignment Score: Hint 100/300 Check Answer Resources Conditional Formatting A Format as Table v Clipboard Number Font Alignment Stacked - Question 3 of 3 Cell Styles v fix D9 Inflation, Disinflation, and Deflation - ALFRED Monetary Base; Total Vintage: 2017-12-28 Discovering Data 1 ALFRED Graph Observations 4,000,000 2 Archival Federal Reserve Economic Data The accompanying graph plots the size of the monetary base in the United States 3,600,000 3 Link: https://alfred.stlouisfed.org 4 Help: https://alfred.stlouisfed.org/help 5 Economic Research Division 3,200,000 2,800,000 Federal Reserve Bank of St. Louis over time 2,400,000 Dollars, Annual. No 8 3OGMBASE_20171228 Monetary Base; Total Vintage: 2017-12-28, Millions 2,000,000 10 Frequency: Annual BOGMBASE_20171228 1,600,000 00-01-01 1,200,000 2001-01-01 618451 673530 2002-01-01 800,000 716511 2003-01-01 2004-01-01 752735 400,000 2006 2008 2002 2004 2010 2012 2014 2016 2006-01-01 811522 827190 2007-01-01 2000 1975 987300 2008-01-01 2009-01-01 1775479 Source: Board of Governors of the Federal Reserve System (US) 2011-01-01 2517507 2012-01-01 2641119 2013-01-01 3251704 Download Data | FRED Economic Data from the St. Louis Fed Customize 2014-01-01 3926521 2015-01-01 3974443 2017-01-01 #NA Millions of Dollars

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Hi, can I get help with this question I'm not sure what to choose? I'm confused base on the graph and I'm not quite sure what statement is accurate. The graph is in the attachments with download data.

Here's the question:

Why is it important for the central bank to be independent from the part of the government responsible for spending?

A. The Federal Reserve is, historically, driven by political ideologies. Allowing it to influence the rest of government could harm its ability to enact effective monetary policy.

B. If not independent, the government might be tempted to have the central bank print more money (creating inflation) whenever the government runs a budget deficit.

C. If not independent, the government might be tempted to have the central bank print more money (creating deflation) whenever the government runs a budget surplus.

Insert
Draw
Share
Comments
Home
Page Layout
Give Up?
Assignment Score:
Hint
100/300
Check Answer
Resources
Conditional Formatting
A
Format as Table v
Clipboard
Number
Font
Alignment
Stacked
-
Question 3 of 3
Cell Styles v
fix
D9
Inflation, Disinflation, and Deflation -
ALFRED
Monetary Base; Total Vintage: 2017-12-28
Discovering Data
1 ALFRED Graph Observations
4,000,000
2 Archival Federal Reserve Economic Data
The accompanying graph plots the size of
the monetary base in the United States
3,600,000
3 Link: https://alfred.stlouisfed.org
4 Help: https://alfred.stlouisfed.org/help
5 Economic Research Division
3,200,000
2,800,000
Federal Reserve Bank of St. Louis
over time
2,400,000
Dollars, Annual. No
8 3OGMBASE_20171228
Monetary Base; Total Vintage: 2017-12-28, Millions
2,000,000
10 Frequency: Annual
BOGMBASE_20171228
1,600,000
00-01-01
1,200,000
2001-01-01
618451
673530
2002-01-01
800,000
716511
2003-01-01
2004-01-01
752735
400,000
2006
2008
2002
2004
2010
2012
2014
2016
2006-01-01
811522
827190
2007-01-01
2000
1975
987300
2008-01-01
2009-01-01
1775479
Source: Board of Governors of the Federal Reserve System (US)
2011-01-01
2517507
2012-01-01
2641119
2013-01-01
3251704
Download Data | FRED Economic Data from the St. Louis Fed
Customize
2014-01-01
3926521
2015-01-01
3974443
2017-01-01
#NA
Millions of Dollars

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