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:

Agricultural Products

Goods resulting from the cultivation of plants and rearing of animals used for food, fiber, fuel, or raw materials.

Stereotyping

The act of categorizing individuals or groups into simplified and fixed traits, often leading to misconceptions and bias.

Age

A measure of time that a person or object has existed from its beginning to a specific point.

Generation X

Generation X describes the demographic cohort following the baby boomers and preceding the millennials, typically defined as being born from the early-to-mid 1960s to the early 1980s.