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Of These Policies, Which Is the Best Example of Constrained

Question 2

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Of these policies, which is the best example of constrained discretion?


A) the annual federal budget deficit shall not exceed three percent of the GDP
B) the growth rate of the money supply, with appropriate adjustments for changes in the velocity of money, shall be between two percent and five percent
C) macroeconomic policies shall promote rapid economic growth and low inflation
D) macroeconomic policies shall aim to keep inflation -- on average over each five-year interval -- within a range of two percent to four percent,

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