American economic history is important because it will help you ...

[stephzh]

American economic history is important because it will help you understand
 
  (a) how to change strategically the course of the future since it was shaped by the past.
  (b) why some armies failed and others succeeded.
  (c) how to change the past.
  (d) how to produce the exact same type of successful growth and development in other countries.

Question 2

Policy is conducted via discretion if policymakers
 
  a. announce and achieve a constant money supply.
  b. announce and achieve a constant interest rate.
  c. are free to respond to changes in economic conditions on a case-by-case basis.
  d. announce in advance how they will respond to changes in economic conditions.

[peilian]

Answer to Question 1

(a)

Answer to Question 2

C

[stephzh]

TYSM

[ricroger]

Thanks for the timely response, appreciate it