Active policy making refers to nondiscretionary policy making. relying on policies that act as automatic stabilizers. actions taken by policy makers in response to or in anticipation of some change in the overall economy. policy making that is carried out in response to a rule.

Active policy making refers to nondiscretionary policy making. relying on policies that act as automatic stabilizers. actions taken by policy makers in response to or in anticipation of some change in the overall economy. policy making that is carried out in response to a rule.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Active policy making refers to
nondiscretionary policy making.
relying on policies that act as automatic stabilizers.
actions taken by policy makers in response to or in anticipation of some change in the overall
economy.
policy making that is carried out in response to a rule.

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