Examples of the scope of normative economics

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Unformatted text preview: s: Recommending policies that will prevent the rise of healthcare expenditures in the future Recommending that the government increase tax rates to prevent a budget deficit Key Terms relative price economic variable controlled experiments experimental economics economic model microeconomics macroeconomics gross domestic product (GDP) positively related negatively related ceteris paribus capitalism som mixed economy positive economics normative economics Council of Economic Advisers...
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This note was uploaded on 06/01/2010 for the course ECONOMICS STA2012 taught by Professor Fan during the Spring '10 term at A.T. Still University.

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