If policymakers are free to analyze events as they occur and choose whatever policy seems appropriate at the time,then this is:
A) policy by rule.
B) policy be discretion.
C) monetary policy.
D) fiscal policy.

Question

Quizplus · Accepted Answer

Policymakers who are free to choose policies based on the events as they occur are said to be operating under policy by discretion. This approach allows policymakers to be flexible and responsive to current economic conditions, but it can also lead to inconsistent policy decisions and uncertainty for businesses and consumers.

If Policymakers Are Free to Analyze Events as They Occur