Positive economics
a. postulates a relationship that is potentially refutable and then seeks to determine whether the stated relationship is correct.
b. uses value judgments to determine which policy alternatives should be chosen.
c. is of no use to policy makers because it reflects the value judgments of the researcher.
d. is the scientific study of "what ought to be" among economic relationships.
A
Economics
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If the number of employed workers in a country is 6 million, and the size of the labor force in the economy is 8 million, the unemployment rate in the country is:
A) 25 percent. B) 24 percent. C) 8 percent. D) 30 percent.
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Describe three types of short-run macroeconomic equilibrium
What will be an ideal response?
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