Recent research indicates that inflation performance low inf
Recent research indicates that inflation performance (low inflation) has been found to be best in countries with A) a policy of always keeping interest rates low B) money financing of budget deficits C) political control of monetary policy D) the most independent central banks
Solution
b. free capital flows, a fixed exchange rate, and an independent monetary policy.
the above is the answer because it is very difficult to have above three in place due to inefficiences in the global market.
