Those Who Favor an Active Approach to Policy Believe That

question 156

Multiple Choice

Those who favor an active approach to policy believe that

• A)discretionary monetary policy cannot be used to help the economy since monetary policy lags are long
• B)discretionary fiscal policy cannot be used to help the economy since fiscal policy lags are long
• C)lags associated with implementing policies are too long and unstable for discretionary policy to be effective
• D)despite the lags involved,implementing discretionary policy is preferable to inaction
• E)none of the above

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Definitions:

Poorly Set Objectives

Goals that are not clearly defined, realistic, or aligned with broader organizational aims, leading to confusion and inefficiency.

Reward Systems

Mechanisms established by organizations to incentivize and recognize employee performance, aiming to enhance motivation, productivity, and job satisfaction.

Antecedent Conditions

Circumstances or events that exist or occur before a particular event, often contributing to its outcome.

Role Ambiguities

Uncertainty or lack of clarity about the expectations, responsibilities, or duties of a particular role within an organization.