Lower and less volatile annual rates of inflation

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Both theory and experience suggest that (fill in the blank) results in lower and less volatile annual rates of inflation. a. having no central bank b. having a central bank that is not independent c. having a central bank that is highly independent d. having a central bank that is partially independent

a. having no central bank

b. having a central bank that is not independent

c. having a central bank that is highly independent

d. having a central bank that is partially independent

Reference no: EM131090479

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