With discretionary policy making, fiscal and monetary policies are usually

Question

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Discretionary policy making involves making changes to fiscal and monetary policies based on the current state of the economy or in anticipation of future changes. The policies are not set according to pre-established standards, and their effectiveness may be affected by lags in their impact. While political considerations may come into play in the decision-making process, they are not immune to political overtones.

With Discretionary Policy Making, Fiscal and Monetary Policies Are Usually