With Discretionary Policy Making, Fiscal and Monetary Policies Are Usually

question 198

Multiple Choice

With discretionary policy making, fiscal and monetary policies are usually

• A) undertaken in response to or anticipation of some change in the overall economy.
• B) set according to pre-established standards that do not take into account any changes in the economy.
• C) immune to any political overtones.
• D) immune to any lag times that might counter their effectiveness.

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Definitions:

Spotlight Effect

The assumption that others are scrutinizing one's behavior and looks more intensely than they actually are.

Self-Actualization

The actualization or completion of someone's skills and potential, perceived as a fundamental aspiration or need in each individual.

Self-Transcendence

According to Maslow, the striving for identity, meaning, and purpose beyond the self.

Unconditional Positive Regard

The practice of valuing a person without conditions or judgment, often emphasized in humanistic psychology as essential for healthy self-esteem and personal growth.