Elucidate whethers statements are positive or normative

Assignment Help Macroeconomics

Reference no: EM1333919

Positive vs normative statements

Identify whether the following statements are positive or normative economic statements, and explain why you categorized them in that way.
a. "The best way to improve the economic situation would be to decrease the unemployment rate by decreasing the interest rate."
b. "The government increased taxes in order to decrease the budget deficit and improve economic growth."
c. "The tax on business decreased production in some industries in the short run."
d. "The government should pursue a low-inflation policy by restraining the growth of the money supply."

Reference no: EM1333919

Questions Cloud

Programmed decision and non programmed decision : Explain programmed decision and non programmed decision.

Define what a cache is and what its purpose : define what a cache is and what its purpose is. Also describe what data gets placed into the cache, and when it is put there.

What specific benefit plans does this offer : Incentive plan - what performance based incentives does this offer include and Benefits plan - what specific benefit plans does this offer include?

Preservation of the confidentiality : How does technology affect the preservation of confidentiality?

Elucidate whethers statements are positive or normative : Elucidate whether the following statements are positive or normative economic statements, and explain why you categorized them in that way.

What would be the mappings between cache block : take a memory of 64 blocks (labeled 0 through 63) and a cache of 16 blocks (labeled 0 through 15). In the questions below, list only correct results.

The new products : From all the new products waiting to be launched or that have recently launched which sounds more feasible?

Explain role of training in an organization''s development : Explain the role of training in an organization's development and explain different employee development methods and their benefits.

Operation of law enforcement and prosecutorial agencies : How do law enforcement and prosecutorial agencies operate in the U.S.A.?

User Account

All Pages