An Argument in Favour of Allowing Discretionary Macroeconomic Policy Is

question 14

Multiple Choice

An argument in favour of allowing discretionary macroeconomic policy is that:

• A)policymakers may make erratic shifts in policy in response to changing political situations.
• B)uninformed policymakers may choose incorrect policies.
• C)the objectives of policymakers may be in conflict with the well-being of the public.
• D)giving policymakers flexibility will allow them to respond to changing conditions.

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Definitions:

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Refers to a condition or state that is resistant to change, often used to describe equilibrium in systems or psychological conditions.