Author Question: Constrained discretion ________. A) eliminates all discretion in policymaking B) imposes an ... (Read 59 times)

imowrer · **on:** Jun 30, 2018

Constrained discretion ________.

A) eliminates all discretion in policymaking
B) imposes an inherent discipline on consumers
C) imposes an inherent discipline on policymakers but does not eliminate all flexibility
D) requires policymakers follow a constant growth rate rule for money

Question 2

In the IS curve, if Y falls for any given level of the real interest rate ________.

A) consumption decreases
B) output increases
C) saving increases
D) all of the above
E) none of the above