Economics · Macroeconomic Policy
Time-inconsistency in economic policy and decision-making describes: A) Situations where policies determined to be optimal yesterday are no longer perceived to be optimal today. B) How different 'selves' of a decision-maker may have conflicting preferences over present and future choices.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Neither A nor B
- 2Both A and B✓
- 3Only B
- 4Only A
Correct answer
Both A and B
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Macroeconomic Policy MCQs →Want more practice questions on Macroeconomic Policy?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Macroeconomic Policy