According to monetarism, too littledebt produces inflation. (True or false?)

(Ans. #1)

FALSE

(Ans. #2)

An ideal response will:
1, Define independent regulatory commissions as units in the executive branch that regulate the economy to protect the public interest.
2, Give an example of an independent regulatory commission, such as the Federal Reserve Board.
3, Note the ways that these agencies are removed from presidential control, including the fact that commissioners, once appointed, serve long terms and cannot be dismissed by the president.
4, Explain one or more reasons for commissions' independence, including the desire to insulate commissions from political influence.

Ready for finals now

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