Question: Classify each characteristic according to whether it describes positive economics or normative economics. Positive economics describes current economic events is concerned with the effects an

Classify each characteristic according to whether it describes positive economics or normative economics.

Positive economics describes current economic events is concerned with the effects an economic decision will have on people and not how they will feel about it or what they will believe about why that decision was made involves recommendations or arguments about what should be Normative economics is concerned with making predictions about how the economy will change as a result of specific events offers plans for what the economy should look like based on individuals' subjective values and beliefs is concerned with how a variety of moral or ethical questions should be solved y

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