In the 1970s and 1980s policies that required retirement of people over age 65 were repealed. Which variable would this directly affect?

a. The employment-population ratio
b. Productivity
c. Average hours
d. Population
e. Technology

A

Economics

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Which of the following statements is true?

A) Positive economics describes what people ought to do. B) Normative economics describes what people actually do. C) Positive economics generates objective descriptions that can be verified with data. D) Normative economics is free from value judgments, tastes, and preferences of economic agents.

Economics

Inflation tends to redistribute real income from lenders to borrowers.

Answer the following statement true (T) or false (F)

Economics