5. A positive analysis of an economic policy examines the economic consequences of the policy but does
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5. A positive analysis of an economic policy examines the economic consequences of the policy but does not address the question of whether those consequences are desirable. A normative analysis of a policy tries to determine whether the policy should be used. Disagreements among macroeconomists may arise because of differences in normative conclusions, the result of differences in personal values and beliefs, and differences in the positive analysis ofa policy proposal.
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Macroeconomics Plus Myeconlab With Pearson Global Edition
ISBN: 377221
9th Canadian Edition
Authors: Andrew B. Abel ,Ben Bernanke ,Dean Croushore
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