An Advantage of Macroeconomic Policy Based on Pre-Specified Rules Might

question 36

Multiple Choice

An advantage of macroeconomic policy based on pre-specified rules might be that ________.

• A)it is easier to stick to long-run considerations and avoid bad long-run outcomes
• B)it is more flexible than discretionary policy
• C)it is easier to adapt to short-run changes and avoid a bad short-run outcome
• D)all of the above
• E)none of the above

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Definitions:

Gender Role

Social and behavioral norms that are considered appropriate for individuals of a specific gender in a particular culture or society.

Widely Shared Expectations

These are beliefs or standards that are commonly held and anticipated by a large group of people within a society regarding behaviors, roles, or outcomes.

Males or Females

Terms that refer to the two primary categories of biological sex in many species, including humans, based on reproductive functions and secondary sexual characteristics.

Hermaphrodites

Organisms that have both male and female reproductive organs, allowing them to perform both roles in reproduction.