An Argument in Favour of Allowing Discretionary Macroeconomic Policy Is

question 14

Multiple Choice

An argument in favour of allowing discretionary macroeconomic policy is that:

• A)policymakers may make erratic shifts in policy in response to changing political situations.
• B)uninformed policymakers may choose incorrect policies.
• C)the objectives of policymakers may be in conflict with the well-being of the public.
• D)giving policymakers flexibility will allow them to respond to changing conditions.

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Definitions:

Account Receivable

Money owed to a company by its clients or customers for goods or services delivered or used but not yet paid for.

Internal Control

Methods and rules a company adopts to maintain the accuracy of financial and accounting data, encourage responsibility, and stop fraudulent activities.

Establishing Control Procedures

The process of implementing policies and procedures to ensure that an organization's objectives are achieved efficiently and effectively, reducing the risk of fraud or error.