Advocates of fed independence fear that subjecting the fed to direct presidential or congressional control would: a. impart an inflationary bias to monetary policy. b. force monetary authorities to sacrifice the long-run objective of price stability. c. make the so-called political business cycle less pronounced. d. only a and b are correct. e. all of the above are correct.

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Before they can be published, scientific papers must be peer-reviewed. this means that: a) some other scientific experts read the papers and guarantee that they are true.b) some other scientific experts read the papers and provide quality control by eliminating many mistakes.c) an editor reads the papers, to make sure that all the semicolons are in the correct places.d) everyone in the world is given the opportunity to comment on the papers through a specially maintainedblog.e) government bureaucrats read the papers, to be sure that the papers do not insult the political positions ofthe current officeholders.

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