With discretionary policy making, fiscal and monetary policies ...

[Diane]

With discretionary policy making, fiscal and monetary policies are usually
 
  A) immune to any lag times that might counter their effectiveness.
  B) immune to any political overtones.
  C) set according to pre-established standards that do not take into account any changes in the economy.
  D) undertaken in response to or anticipation of some change in the overall economy.

Question 2

The concept of an open economy means that
 
  A) a nation's borders are open to flows of imports and exports.
  B) exports should be controlled but imports should be allowed in without restriction.
  C) imports and exports should be restricted.
  D) imports should be limited while exports should be expanded.

[CharlieArnold]

Answer to Question 1

D

Answer to Question 2

A

[Diane]

Correct answers!

[CharlieArnold]

Great! Please up vote