If you believe that all people are good - you ascribe to this school of thought

Positive economic statements

A) prescribe what should be. B) are related only to microeconomics. C) can be tested against the facts. D) cannot be tested against the facts.

An economist who claims that an increase in government spending would result mainly in a higher price level believes the economy is operating where

a. the MPC is small. b. the MPC is large. c. aggregate supply curve is flat. d. aggregate supply curve is steep.