The Expression 'Don't Do Something,just Stand There' Applies to Economists

question 1

Multiple Choice

The expression 'Don't do something,just stand there' applies to economists who favour a/an _____ approach to monetary policy.

• A)discretionary
• B)interventionist
• C)expansionary
• D)rules-based
• E)Keynesian

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Definitions:

Short-Term Memory

Activated memory that holds a few items briefly, such as the seven digits of a phone number while dialing, before the information is stored or forgotten.

Memory Trace

A theoretical concept proposing that memories are stored as physical or chemical changes in the brain.

Physical Basis

The fundamental material or bodily foundation underlying a phenomenon, behavior, or process.

Short-Term Memory

A capacity for holding a small amount of information in an readily available state for a short period of time, typically involving recent events or knowledge in use.