The possible criticism of the memo which finding of a negative correlation between central bank independence and economic growth suggests is option C. undervalues the importance of low inflation relative to employment and growth to social welfare.
The control or management of economy to a lower inflation boosts or increases employment opportunities. Individuals possess enough cash to purchase goods and services, and the economy benefits and improves. Meanwhile, the influence of inflation on economic recovery cannot be determined specifically or in clear terms.
Therefore, the correct answer is as given above
learn more about influence of inflation: https://brainly.com/question/16467725
#SPJ1
