Examlex
A policy reaction function describes how the action a policymaker takes depends on:
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Published works consisting of written, printed, or blank pages fastened together and bound in covers.
Normative Statements
Statements that express opinions about how the world ought to be, involving subjective judgments or prescriptions for economic policies.
Normative Statements
Normative statements express opinions or judgments about what ought to be and are not based on empirical evidence.
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