Unformatted text preview: b. Normative—This is an opinion that interest rates “should” be enacted. c. Positive—This is a prediction on what will happen in the future—no opinion has been made. d. Positive—This is also a prediction of the effect of a policy. The statement is made on fact and not opinion. e. Normative—This statement is about the desirability of a policy, and how it should be enacted. Statement is based on opinion. 3. C 4. D 5. C 6. D 7. E 8. A 9. A 10. C 11. B 12. C 13. D 14. D 15. C 16. A 17. B...
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This note was uploaded on 05/11/2010 for the course ECON 2010 taught by Professor Roussel during the Spring '08 term at LSU.
- Spring '08