An example of nondiscretionary policymaking is

Question

Quizplus · Accepted Answer

Nondiscretionary policymaking refers to policies that are set in advance and do not require regular evaluation or adjustment. The rule under which the Fed targets the inflation rate is an example of such a policy, as it sets a clear target for the Fed to aim for, without requiring constant adjustments or discretionary decisions. The other options involve more discretionary policymaking, where decisions are made based on current economic conditions and may require frequent evaluation and adjustment.

An Example of Nondiscretionary Policymaking Is