[Answered] A positive statement is A) about what ought to be. B) about what is. C) the result of a model's ...

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Author Question: A positive statement is A) about what ought to be. B) about what is. C) the result of a model's ... (Read 70 times)

asd123

Hero Member
Posts: 557

on: Jun 29, 2018

A positive statement is

A) about what ought to be.
B) about what is.
C) the result of a model's normative assumptions.
D) valid only in the context of a model with simple assumptions.

Question 2

Last year's price level was 120 and since then there has been a 5 percent inflation. This year's price level is

A) 125.
B) 126.
C) 130.
D) none of the above.

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Marked as best answer by a Subject Expert

frejo

Sr. Member
Posts: 349

Reply #1 on: Jun 29, 2018

Answer to Question 1

B

Answer to Question 2

B

asd123

Member
Posts: 557

Reply 2 on: Jun 29, 2018

Excellent

peter

Member
Posts: 330

Reply 3 on: Yesterday

Great answer, keep it coming

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