Policy Is Conducted by Discretion If Policymakers

Multiple Choice

Policy is conducted by discretion if policymakers:

A) size up the economy and choose whatever policy seems appropriate at the time.
B) announce in advance how policy will respond to various situations and commit themselves to following through on this announcement.
C) maintain a constant growth rate of the money supply without making their decision public.
D) announce and achieve a balanced government budget.
E) announce and maintain a constant interest rate.