The Long-Standing Debate Over Rules Versus Discretion in Macroeconomics Centers

question 70

Multiple Choice

The long-standing debate over rules versus discretion in macroeconomics centers on the following statement ________.

• A)"discretionary policy can lead to bad long-run outcomes but rules lack flexibility in the short-run"
• B)"the speed with which the self-correcting mechanism in the economy acts is in question"
• C)"the speed with which unemployment tends to disappear is debatable"
• D)all of the above
• E)none of the above

---

Definitions:

Evaluating Results

The process of analyzing outcomes to assess the effectiveness of actions taken and inform future decisions.

Implementation Stage

The phase in a project or plan when the designed strategies or actions are put into operation or execution.

Plan's Complete Implementation

The full execution of a strategy or project according to its specified plans and processes, ensuring that all objectives are met and the desired results are achieved.

Decision Making

The process of choosing among different alternatives to achieve a desired outcome.