Discretionary Monetary Policy Is Defined as Policy for Which

Multiple Choice

Discretionary monetary policy is defined as policy for which

A) the markets make all decisions.
B) policy is based on the judgments of policymakers.
C) the policy is pursued regardless of the current state of the economy.
D) the policy responds to a changing economy with predetermined rules.
E) the policy maker always publicizes the policy as extensively as possible because its effectiveness depends on the public's knowledge of the policy.