Monetary and Fiscal Policy Making That Is Carried Out in Response

question 69

Multiple Choice

Monetary and fiscal policy making that is carried out in response to a pre-set rule and does not respond to changes in economic activity is known as

• A)active policy making.
• B)discretionary policy making.
• C)nondiscretionary policy making.
• D)Keynesian policy making.

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Definitions:

Golden Mean

In Aristotelian ethics, the desirable middle between two extremes, one of excess and the other of deficiency, representing balance and moral virtue.

Practical Wisdom

The ability to make sound judgments and decisions based on experience and understanding, particularly in everyday matters.

Thinking Process

A cognitive operation involving reasoning, problem-solving, and decision-making, where an individual engages in mental activities to analyze information and come to conclusions.

Digital Divide

The gap between individuals who have access to modern information and communication technology and those who do not.