Macreconomics: Policy and Practice (Mishkin)

C) rule-determined policy. D) discretionary policy. E) fiscal policy. Answer: D. Topic: 1.2 Macroeconomic Policy. 33) Consider an economic policy regime in which rules are well-known but frequently ignored. Which of these statements is true? A) This regime might work in the long-run, but is unlikely to produce good outcomes in the short run. ................
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