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:

Human Capital

The collective skills, knowledge, and expertise that employees bring to their workplace, contributing to its value and performance.

Economic Value

The worth of a good or service determined by the benefits it provides weighed against its cost.

Job-relevant Knowledge

Information and understandings that are directly applicable to performing tasks and responsibilities in a specific job context.

Skills

The abilities or expertise acquired through training or experience that enable an individual to perform tasks effectively.