Suppose two economists are arguing about policies that deal with unemployment. One economist says. The government could lower unemployment by one percentage point if it would just increase government spending by 50 billion dollars the other economist responds Nonsense and…

Positive statements are ? A. Macroeconomic B. MicroeconomicsC. statements of description that can be tested D. Statements of prescription that involve value judgments.

Which of the following statements is normative ? A. Large government deficits cause an economy to grow more slowly B. People work harder if the wage is higherC. The unemployment rate should be lower D. Printing too much money causes…

Suppose two economists are arguing about policies that deal with unemployment One economist says the government should fight unemployment because it is the greatest social evil The other economist response Nonsense Inflation is the greatest social evil These economists ?…

Economic growth is depicted by ? A. a shift in the production possibilities frontier outward. B. a movement from inside the curve toward the curve. C. a shift in the production possibilities frontier inward D. a movement along a production…