If Monetary Policy Is Not Set by a Rule, It

question 58

Multiple Choice

If monetary policy is not set by a rule, it is said to be set by

• A)randomization.
• B)discretion.
• C)credibility.
• D)destabilization.

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Definitions:

Income

The financial gain acquired by an individual or a business in exchange for providing labor, product, or service or through investing capital.

Economy

The system of production, distribution, and consumption of goods and services within a society, encompassing various sectors like agriculture, manufacturing, and services.

Efficient

The optimum use of resources to achieve the best possible outcome or output with minimal waste.

Opportunities

Chances or situations that present possibilities for advancing one's personal, professional, or economic position.