Economists view positive statements as

    • [DOC File]Keynes and Development Economics: a Sixty Year Perspective

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      The second source of Keynes’s influence was through his posthumous legend. The Keynes legend tended to affect especially younger economists who had not known Keynes personally, but nevertheless nurtured a view of him as a towering economist and a powerful role model of some sort – even when they rejected particular economic doctrines of his.

      economists view normative statements as


    • [DOCX File]Preliminary Economic Concepts and Principles:

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      In view of the situation you may think it desirable to have more permanent contact maintained between the Administration and the group of physicists working on chain reactions in America. ... there is generally “more agreement” among economists on Positive Statements than on Normative Statements.

      what is a positive statement


    • [DOC File]PART 1

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      Describe what economists mean when the say that people engage in rational behavior and respond to incentives in predictable ways. 1.3 Define and explain economic theories and models. 1.4 Describe the difference between correlation and causation. 1.5 Define and explain the distinction between positive statements and normative statements. Chapter ...

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    • [DOC File]Economics Today (14th Edition)

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      No subjective or moral judgments enter into the analysis. Positive analysis relates to statements such as “If A, then B.” For example, “If the price of gasoline goes up relative to all other prices, then the amount of it that people will buy will fall.” That is a positive economic statement. It is a statement of what is.

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    • [DOCX File]test bank U

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      Positive economics is used by economists to evaluate the performance of an economy, while normative economics is used by governments to formulate economic policies. ... Both the statements are positive. ... Economists do not view the unlimited human desire for goods and services to be an indication of "greediness." Economists assume that all ...

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    • [DOC File]University of Dayton

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      A. Economists distinguish between two types of statements about the world: 1. Positive statements make a claim about “what is” and can be tested to determine whether they are valid. 2. Normative statements make a claim of “what ought to be.” Such a statement is an opinion and cannot be tested for validity. B. Economists build models. 1.

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    • [DOC File]Queens College Economics

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      Since economists have examined data and found that there is a short-run negative relationship between inflation and unemployment, the statement is a fact, thus it is a positive statement. b. The statement that a reduction in the rate of growth of money will reduce the rate of inflation is a positive statement.

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    • [DOC File]SOLUTIONS TO TEXT PROBLEMS: - SUNY Geneseo

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      7. Positive statements are descriptive and make a claim about how the world is, while normative statements are prescriptive and make a claim about how the world ought to be. Here is an example. Positive: A rapid growth rate of money is the cause of inflation. Normative: The government should keep the growth rate of money low. 8.

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    • ESERCIZI LEZIONE 1

      Positive statements are descriptive and make a claim about how the world is, while normative statements are prescriptive and make a claim about how the world ought to be. Here is an example. Positive: A rapid growth rate of money is the cause of inflation. ... A school of economic thought represents economists who share a certain view. Having ...

      economists view normative statements as


    • [DOC File]CHAPTER 1

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      1. a. Positive statements are about cause and effect. Asking whether an increase in the minimum wage will reduce employment is a testable hypothesis that can, in principle, be demonstrated to be supported by empirical evidence (or not supported by evidence). 2. b, c, and d are positive statements—this is, testable hypotheses.

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