The expression, 'Don't do something, just stand there' applies to economists who favour a/an _____ approach to monetary policy.
A) discretionary
B) interventionist
C) expansionary
D) rules-based

Question

Quizplus · Accepted Answer

The phrase "Don't do something, just stand there" suggests a more passive or restrained approach, which aligns with a rules-based approach to monetary policy. This approach relies on pre-determined rules or guidelines to dictate policy decisions, rather than discretionary or interventionist actions by policymakers. Therefore, option D - rules-based - is the best choice.

The Expression, 'Don't Do Something, Just Stand There' Applies to Economists