Which of the following statements is true? a. Positive statements answer questions like What will happen if

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Which of the following statements is true?

a. Positive statements answer questions like “What will happen if . . .?” Normative economic statements answer questions like “What ought to happen to . . .?”

b. Normative statements answer questions like

“What will happen if . . .?” Positive economic statements answer questions like “What ought to happen to . . .?”

c. Most modern economics is based on normative analysis.

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Macroeconomics Principles Applications And Tools

ISBN: 123885

8th Edition

Authors: Arthur OSullivan ,Steven Sheffrin ,Stephen Perez

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Question Posted: Nov 25, 2024 03:00 AM

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Which of the following statements is true? a. Positive statements answer questions like What will happen if

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Macroeconomics Principles Applications And Tools

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