Actions on the part of monetary and fiscal policymakers that are undertaken in response to some change in the overall economy are known as

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Active policymaking refers to the deliberate actions taken by monetary and fiscal policymakers in response to changes in the economy. These actions may include adjusting interest rates, implementing stimulus packages, or altering government spending and taxation policies. In contrast, nondiscretionary policymaking refers to policy actions that are pre-determined by laws or regulations, while passive policymaking refers to policies that do not involve deliberate action or intervention. Creative policymaking is not a commonly used term.

Actions on the Part of Monetary and Fiscal Policymakers That