Which of these statements is a positive statement (as opposed to a normative statement) ?
A) Income tax rates should not have been cut as they were a few years ago.
B) The quantity of money has grown too slowly in recent years.
C) When the quantity of money grows rapidly, inflation is a predictable consequence.
D) All of the above are positive statements.
Correct Answer:
Verified
Q38: "Prices rise when the quantity of money
Q55: The Council of Economic Advisers
A)was created in
Q159: A normative statement describes how the world
A)was
Q160: Which of these statements is a normative
Q161: The Council of Economic Advisers has
A)three members
Q162: Economists in which cabinet-level department help enforce
Q163: The President of the United States receives
Q169: Normative conclusions
A)are derived directly from positive analysis.
B)are
Q273: When an economist evaluates a positive statement,he
Q296: In addition to advising the president,one duty
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents