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 econamic situation wauld be to decrease the unempldyment rate by decreasing the interest rate."
(B) "The guverment increased taxes in arter to decrease the budiet deficit and ingardve ecanamic grawth."
(C) "Tares an businesses decreased production in 5 ame industries in the shart run."
(D) "The gaverment should pursue a law-infletion policy by restraining the growth of the money suyply."

Question

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 econamic situation wauld be to decrease the unempldyment rate by decreasing the interest rate."
(B) "The guverment increased taxes in arter to decrease the budiet deficit and ingardve ecanamic grawth."
(C) "Tares an businesses decreased production in 5 ame industries in the shart run."
(D) "The gaverment should pursue a law-infletion policy by restraining the growth of the money suyply."

Quizplus · Accepted Answer

The Answer of 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 econamic situation wauld be to decrease the unempldyment rate by decreasing the interest rate."
(B) "The guverment increased taxes in arter to decrease the budiet deficit and ingardve ecanamic grawth."
(C) "Tares an businesses decreased production in 5 ame industries in the shart run."
(D) "The gaverment should pursue a law-infletion policy by restraining the growth of the money suyply."

Identify Whether the Following Statements Are Positive or Normative Economic