Disadvantages of the fed's "just do it" approach include:
a.
a lack of transparency, which creates doubt about the future course of inflation and output, and makes it hard to hold the fed accountable.
b.
low accountability that may make the fed more susceptible to the time-inconsistency problem.
c.
the strong dependence on the preferences, skills, and trustworthiness of the individuals in charge of the central bank.
d.
only a and b are correct.
e.
all of the above are correct

Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation