Positive analysis of economic policy
A) examines the economic consequences of policies but does not address the question of whether those consequences are desirable.
B) examines the economic consequences of policies and addresses the question of whether those consequences are desirable.
C) generates less agreement among economists than normative analysis.
D) is rare in questions of economic policy.
A
You might also like to view...
In the above figure, flow B represents ________
A) household purchases of goods and services B) household borrowing C) household income D) firms' payments for labor services
Which of the following describes what the Fed would do to pursue an expansionary monetary policy?
A) use discount policy to raise the discount rate B) use open market operations to sell Treasury bills C) raise the reserve requirement D) use open market operations to buy Treasury bills