A closer look, however, suggests that a rules-based approach is superior. 1  A good monetary policy rule specifies a plan of action which the central bank cannot later ignore, while discretion allows central bankers to reactâand often overreactâto economic indicators as they see fit.
A syntax error is an error in commands. For example, the following command: dir (path) which displays a directory in a Windows Command Prompt. The following, dir c:/windows/system32 would show the contents of the Windows/system32 directory in the C: drive.
The primary difference between logic and reason is that reason is subject to personal opinion, whereas logic is an actual science that follows clearly defined rules and tests for critical thinking. Logic also seeks tangible, visible or audible proof of a sound thought process by reasoning.