With discretionary policy making, fiscal and monetary policies are usually immune to any lag times that might counter their effectiveness. undertaken in response to or anticipation of some change in the overall economy. set according to pre-established standards that do not take into account any changes in the economy. immune to any political overtones.

With discretionary policy making, fiscal and monetary policies are usually immune to any lag times that might counter their effectiveness. undertaken in response to or anticipation of some change in the overall economy. set according to pre-established standards that do not take into account any changes in the economy. immune to any political overtones.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter18: Debates In Macroeconomics Over The Role And Effects Of Government

Section: Chapter Questions

Problem 2QP

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