Monetary and Fiscal Policymaking That Is Carried Out in Response

question 84

Multiple Choice

Monetary and fiscal policymaking that is carried out in response to a pre-set rule,and which does not respond to changes in economic activity,is known as

• A)active policymaking.
• B)discretionary policymaking.
• C)nondiscretionary policymaking.
• D)Keynesian policymaking.

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Definitions:

Defaulted

Refers to failing to fulfill a legal obligation, especially failure to pay a debt or appear in court as required.

Foreclosed

The legal process by which a lender takes possession of a property due to the borrower's failure to pay the mortgage.

Improvements

Enhancements or upgrades made to a property or a product, increasing its value or functionality.