Which of the following are positive statements, which are normative statements and which could be either depending

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Which of the following are positive statements, which are normative statements and which could be either depending on the context?


(a) Cutting the higher rates of income tax will redistribute incomes from the poor to the rich.


(b) It is wrong that inflation should be reduced if this means that there will be higher unemployment.


(c) It is wrong to state that putting up interest rates will reduce inflation.


(d) The government should raise interest rates to prevent the exchange rate falling.


(e) Current government policies should reduce unemployment.

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Essential Economics For Business

ISBN: 9781292728940

7th Edition

Authors: John Sloman, Elizabeth Jones

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