Policy is conducted by discretion if policymakers :
A ) announce in advance how policy will respond to various situations and commit themselves to following through on this announcement .
B ) are free to size up the situation case by case and choose whatever policy seems appropriate at the time .
C ) announce and maintain a constant growth rate of the money supply .
D ) announce and achieve a balanced government budget .
Answer:B
Policy is conducted by discretion if policymakers :
A ) announce in advance how policy will respond to various situations and commit themselves to following through on this announcement . B ) are free to size up the situation case by case and choose whatever policy seems appropriate at the time . C ) announce and maintain a constant growth rate of the money supply . D ) announce and achieve a balanced government budget .