_____ refers to the changes in government spending and taxation that are aimed at achieving a policy goal
a. Discretionary monetary policy
b. Discretionary fiscal policy
c. Discretionary foreign trade policy
d. Discretionary exchange rate policy
e. Discretionary interest rate policy
b
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The "policy ineffectiveness proposition" of the new classical attack on policy activism is based on the idea that
A) people will anticipate policy changes particularly those based on a feedback rule. B) people will anticipate the effects of policy changes and act to offset these effects. C) Both A and B are correct. D) None of the above is correct.
Which of the following best describes chattel slavery?
(a) It provided protected property rights to the slaves. (b) It offered property rights to the slave owners. (c) It involved the establishment of a voluntary contract between slave and slave owner. (d) It created wealth for the slave and slave owner.
When a resource is being depleted and becomes scarce, the market's way of encouraging conservation is for the price of the resource to rise, without any government intervention
a. True b. False Indicate whether the statement is true or false
Large, advanced economies like the United States, Japan, and the euro area generally:
A. give exclusive control of exchange rates to their respective central banks. B. allow supply and demand to determine exchange rates. C. use fixed exchange rates to promote stability. D. allow their respective Treasuries to determine the exchange rates.