Author Question: A positive statement is A) about what ought to be. B) about what is. C) the result of a model's ... (Read 39 times)

asd123 · **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.