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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 67 times)

asd123

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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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frejo

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


asd123

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  • Posts: 557
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Jossy

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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