Discretion in the conduct of monetary policy does not limit incompetence and abuse of power.

Name: Discretion in the conduct of monetary policy does not limit incompetence and abuse of power.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Discretion in the conduct of monetary policy can potentially lead to incompetence and abuse of power, as it allows policymakers significant freedom in decision-making without strict adherence to predetermined rules, which could result in decisions that are not in the best interest of economic stability.

Discretion in the Conduct of Monetary Policy Does Not Limit