An Example of a Rule Used in Non-Discretionary Monetary Policy

question 46

Multiple Choice

An example of a rule used in non-discretionary monetary policy is ________.

• A) the Taylor rule
• B) the Taylor principle
• C) Keynesian rule
• D) interest rate consistency

---

Definitions:

Societal Expectations

The set of standards or norms that society deems acceptable for its members' behaviors and attitudes.

Abnormal Behavior

Actions, thoughts, or feelings that are considered outside the statistical norm or that deviate significantly from societal expectations and can affect functionality.

Social Relationships

Connections or associations between two or more individuals, based on social context, which affects their interactions and behavior.

Systems Approach

A perspective in understanding complex problems or situations by examining the interactions and relationships among the parts that compose the entirety of the system.