Is the Following a Positive or Normative Statement? the Federal

question 86

Short Answer

Is the following a positive or normative statement? The Federal Reserve should set an inflation target and employ policies to meet the target.

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Definitions:

Privacy and Security

The practices and policies in place to protect individuals’ personal information and ensure their data is secure from unauthorized access.

Cruise Lines

Companies that operate cruise ships, which are large passenger ships used primarily for vacationing and leisure travel.

Data Transmission

The process of transferring data between devices or components in a computer network.

Competitive Strategy

A business approach that involves identifying and executing tactics to outperform competitors in the market and achieve superior positioning.