Which of the following is an example of a positive,as opposed to normative,statement?
A) The federal government should decrease coverage of unemployment benefits to stimulate the economy out of the recession.
B) Congress should agree on lower government spending for the next fiscal year.
C) The Federal Reserve Bank should increase interest rates in response to the higher-than-expected inflation in the economy.
D) The unemployment rate last year was lower than any other year in the last century.
Correct Answer:
Verified
Q57: Economists at the Department of the Treasury
A)design
Q58: President Truman once said he wanted to
Q59: In addition to advising the president,one duty
Q60: Which of the following is an example
Q61: Congress relies on economists at the Congressional
Q62: The Federal Reserve
A)designs tax policy.
B)enforces the nation's
Q63: The President receives economic policy advice from
Q64: John Maynard Keynes believed the ideas of
Q65: Economists hold many positions advising the president
Q66: Which of the following is an example
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents