Monetary and fiscal policymaking that is carried out in response to a pre-set rule,and which does not respond to changes in economic activity,is known as
A)active policymaking.
B)discretionary policymaking.
C)nondiscretionary policymaking.
D)Keynesian policymaking.

Question

Quizplus · Accepted Answer

Nondiscretionary policymaking refers to policies that are established through rules that do not change in response to the economic environment. This contrasts with discretionary policymaking, where decisions can be adjusted based on current economic conditions.

Monetary and Fiscal Policymaking That Is Carried Out in Response