An argument in favour of allowing discretionary macroeconomic policy is that:
A)policymakers may make erratic shifts in policy in response to changing political situations.
B)uninformed policymakers may choose incorrect policies.
C)the objectives of policymakers may be in conflict with the well-being of the public.
D)giving policymakers flexibility will allow them to respond to changing conditions.

Question

Quizplus · Accepted Answer

Discretionary macroeconomic policy allows policymakers the flexibility to adapt and respond to unforeseen economic changes and conditions, potentially stabilizing the economy more effectively.

An Argument in Favour of Allowing Discretionary Macroeconomic Policy Is