A) central bankers should project an image of being conservative on economic policy matters, regardless of their personal views.
B) it is more difficult to control inflation when the central bank is highly independent.
C) uncertainty over the impact of policy makes little difference in designing an optimal policy.
D) money growth has little or no impact on inflation in the long run.
E) decreasing money growth may substantially increase the rate of inflation in the long run.
ANSWER:
A