Determine Whether Each of the Following Is a Positive or Normative

question 44

Short Answer

Determine whether each of the following is a positive or normative statement.
(a)The Fed should lower interest rates to increase economic growth,because we're in a recession.
(b)Higher government budget deficits cause higher interest rates.
(c)The trade deficit should decline because of the fall in the value of the dollar.
(d)Because of our high inflation rate,we must reduce the rate of money growth.
(e)A generous unemployment insurance system is a primary cause of high unemployment in Europe.
(f)Increased average labor productivity in a country should lead to faster growth.
(g)Government budget deficits are too high in the United States and should be reduced.

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Definitions:

Organization

The structured arrangement of resources and processes to achieve specific goals or the act of arranging elements in a systematic way.

Research Methods

Research methods encompass the techniques, strategies, and procedures used in scientific inquiry to gather, analyze, and interpret data, ensuring validity and reliability of results.

Working Memory

An intellectual capacity system with limitations, meant for short-duration information retention for processing requirements.

Implicit

Something understood or implied without being stated openly; often refers to unconscious attitudes or beliefs.