The statement ""The Fed ought to focus more on lowering
unemployment than controlling inflation"" is a ____________."
"Positive statement, because it expresses a value
judgement"
"Normative statement, because it expresses a value
judgement"
"Positive statement, because it describes a fact"
"Normative statement, because it describes a fact"
Which of these is NOT a factor that affects demand?
The price of complements
The market structure
Expectations about prices in the future
Personal preferences
Which of the following is one of the...