Questão número 640930

Read the text below in order to answer questions 24 to 26:

DELIVERING STABILITY

The UK has a history of poor economic performance in comparison with other G7 economies. Much of the blame for this poor performance can be attributed to policy errors made in the past. The Government's macroeconomic framework has been designed to avoid a repeat of mistakes which led to boom and bust cycles and relative underperformance. In the face of the uncertainty and unpredictability of ever more rapid financial flows, the Government believes it is vital to:

. set clear, long-term policy objectives;

. adopt predictable, clear rules for monetary and fiscal policymaking; and

. keep markets properly informed, and insure that objectives and the relevant institutions which implement them are seen to be credible, through increased openness, accountability and transparency.

The text refers to 'boom and bust cycles' which are

• A. periods of sustainable structural growth
• B. cycles of relative certainty and predictability
• C. periods of fast development and of recession
• D. series of well-understood rules and regulations
• E. phases of increased openness and transparency