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johnpaul92 johnpaul92
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8 years ago
Determine whether each of the following is a positive or normative statement.
(a)   The Fed should lower interest rates to increase economic growth, because we're in a recession.
(b)   Higher government budget deficits cause higher interest rates.
(c)   The trade deficit should decline because of the fall in the value of the dollar.
(d)   Because of our high inflation rate, we must reduce the rate of money growth.
(e)   A generous unemployment insurance system is a primary cause of high unemployment in Europe.
(f)   Increased average labor productivity in a country should lead to faster growth.
(g)   Government budget deficits are too high in the United States and should be reduced.
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
Authors:
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supamansupaman
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8 years ago
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johnpaul92 Author
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#2
8 years ago
Appreciate your help, thank you again
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#3
8 years ago
Every little bit helps, right? Glad I solved your question
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