Discretionary monetary policy is defined as policy
A) that is pursued regardless of the current state of the economy.
B) for which the policymaker always publicises the policy as extensively as possible because its effectiveness depends on the public's knowledge of the policy.
C) that is based on the judgements of policymakers.
D) for which the markets make all decisions.
E) that responds to a changing economy with predetermined rules.
Correct Answer:
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