On a distant moon colony, all decisionsabout government policy are made by acomputer. The interest rate, amount tobuy or sell in open market operations, etc.,are all determined by an equation put intothe computer.This approach isbased on discretionO called rule-based policydescribed by all listed optionsO not supported by any American economists

When a decision has to be made by a computer regarding government policy, then the certain limits…

Answered: On a distant moon colony, all decisions…

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Economics

On a distant moon colony, all decisions about government policy are made by a computer. The interest rate, amount to

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter16: The Influence Of Monetary And Fiscal Policy On Aggregate Demand

Section: Chapter Questions

Problem 6CQQ

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Question

On a distant moon colony, all decisions
about government policy are made by a
computer. The interest rate, amount to
buy or sell in open market operations, etc.,
are all determined by an equation put into
the computer.
This approach is
based on discretion
O called rule-based policy
described by all listed options
O not supported by any American economists

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