Discretionary monetary policy is monetary policy that is based on
A) rules that depend upon the state of the economy.
B) the ups and downs of the stock market.
C) the judgement of monetary policymakers about the current needs of the economy.
D) the judgement of politicians about the current needs of the economy.
E) a rule that allows no discretion in how policymakers respond to the state of the economy.
Correct Answer:
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