Which of the following two statements is a positive statement? Why is this a positive statement?...
Which of the following two statements is a positive statement?
Why is this a positive statement?
(a) The Federal Reserve should reduce the rate of money growth in
the U.S.
(b) A reduction in the rate of money growth by the Federal Reserve
will reduce the rate of inflation in the U.S.
Homework Answers
a) A federal reserve should reduce the rate of money growth in the market is a normative statement as this cannot be backed by the data available and its just an opinion.
b) This is a positive statement as this can be backedby emperial evidence from the economy.
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Which of the following two statements is a positive statement?
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