What is a positive statement? Give an example
What will be an ideal response?
A positive statement addresses "what is" and can be tested. An example of a positive statement is "An increase in the price of gasoline decreases the quantity of gasoline demanded."
Economics
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Is there any risk involved in using fiat money? How can it be minimized?
What will be an ideal response?
Economics
In the development of the IS curve, one variable that turns from exogenous to endogenous is
A) the interest rate. B) the price level. C) consumption. D) saving. E) investment.
Economics