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2-. Below are six statements. Identify whether each is a positive or normative statement. (a) The national economy grew
Posted: Mon May 02, 2022 7:40 am
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- 2 Below Are Six Statements Identify Whether Each Is A Positive Or Normative Statement A The National Economy Grew 1 (63.76 KiB) Viewed 26 times
2-. Below are six statements. Identify whether each is a positive or normative statement. (a) The national economy grew at 6.2 percentage rate in the last quarter as the economy continues to recovers from the past recession. (b) The unemployment rate fell to 5.7 percent this month, and is expected to fall to 5.5 percent next month. (c) The rate of inflation should be reduced to zero to maintain the value of the U.S. dollar. (d) The government should take action to reduce the prices of prescription drugs charged by drug companies. (e) Interest rates for home mortgages are at their lowest rate in thirty years. (f) The Federal government should increase income taxes on the wealthy to reduce the budget deficit.