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An increase in investment spending caused by a decline in the interest rate will:
Positive Economic Statement
A factual claim about the world that can be tested and validated, referring to what is, rather than what ought to be.
Normative
Normative relates to an ideal standard or model, often reflecting opinions about what is desirable or how things should be, especially in ethics and economics.
Gasoline
A petroleum-derived liquid mixture consisting mainly of hydrocarbons, used primarily as fuel in internal combustion engines.
Normative
Pertaining to prescriptive assessments or statements that express judgments about what ought to be, as opposed to descriptive statements which detail what is.
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