If Policymakers Announce in Advance How Policy Will Respond to Various

question 46

Multiple Choice

If policymakers announce in advance how policy will respond to various situations and commit themselves to following through on this announcement, this is:

• A) policy by rule.
• B) policy by discretion.
• C) time inconsistent policy.
• D) monetary policy.

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Definitions:

Climate Change

The significant and lasting change in the statistical distribution of weather patterns over periods ranging from decades to millions of years.

Criminal Investigator

A professional who is tasked with examining crimes to gather facts and evidence to solve them and identify the perpetrators.

Causal Reasoning

The process of identifying and evaluating the reasons or factors that cause certain effects, outcomes, or situations.

Empirical

Based on, concerned with, or verifiable by observation or experience rather than theory or pure logic.