Conducting monetary policy so that the overnight rate = 0.05, where the overnight rate is the nominal overnight interest rate, is an example of:
A)an active policy rule.
B)a passive policy rule.
C)discretionary policy.
D)an automatic stabilizer.

Question

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The Answer of Conducting monetary policy so that the overnight rate = 0.05, where the overnight rate is the nominal overnight interest rate, is an example of:
A)an active policy rule.
B)a passive policy rule.
C)discretionary policy.
D)an automatic stabilizer.

Conducting Monetary Policy So That the Overnight Rate = 0