The Expression, 'Don't Do Something, Just Stand There' Applies to Economists

question 26

Multiple Choice

The expression, 'Don't do something, just stand there' applies to economists who favour a/an _____ approach to monetary policy.

• A) discretionary
• B) interventionist
• C) expansionary
• D) rules-based

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Definitions:

Protestant Churches

Christian churches that originated from the Reformation, characterized by the rejection of papal authority and emphasising the importance of faith and scripture.

Unconstitutional Restriction

An unconstitutional restriction refers to a law or regulation that infringes upon the rights guaranteed by the constitution.

Government Actions

Measures or interventions undertaken by a governmental body to influence or directly affect social, economic, or political conditions.

Public Tranquility

The state of peace and calm in a public community or area, free from disturbances or disorder.