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

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