The Long-Standing Debate Over Rules Versus Discretion in Macroeconomics Centers

question 70

Multiple Choice

The long-standing debate over rules versus discretion in macroeconomics centers on the following statement ________.

• A)"discretionary policy can lead to bad long-run outcomes but rules lack flexibility in the short-run"
• B)"the speed with which the self-correcting mechanism in the economy acts is in question"
• C)"the speed with which unemployment tends to disappear is debatable"
• D)all of the above
• E)none of the above

---

Definitions:

Learned Responses

Behaviors that are developed as a result of experience or conditioning.

Learning Perspective

A psychological viewpoint that emphasizes the role of experience and environment in influencing behavior through learning processes.

Phobia Of Dogs

An intense, irrational fear of dogs, leading to avoidance and distress in situations involving dogs.

Young Age

A stage of life characterized by early development and growth, typically referring to childhood or youth.