Normative economic analysis _____
a. is concerned only with the facts
b. is a statement about the relationship between a policy change an outcome
c. judges the desirability of a policy change
d. does not involve value judgments
c
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Every point on an open-economy IS curve represents:
A) combinations of interest rates and the supply of money, which result in equilibrium in the money market. B) combinations of interest rates and levels of production, which result in equilibrium in the goods market. C) combinations of interest rates and levels of production, which result in equilibrium in the money market, the goods market, and the forex market. D) combinations of interest rates and levels of production, which result in equilibrium in the goods market and the forex market.
Briefly describe the factors that contributed to the U.S. Current Account deficits of the 1990s
What will be an ideal response?