Normative economic analysis tends to include the way someone thinks things should be or ought to...

Normative economic analysis tends to

		include the way someone thinks things should be or ought to be.
		generate testable hypotheses.
		lead to empirical testing of data.
		involve descriptive statements.

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Expert Solution

The right answer is, include the way someone thinks this should be ought to be, as we know, normative economic analysis deals with the things that should be done or ought to be in order to reach a particular outcome of interest. For example, interest rate should be decreased in order to increase the investment.

Rahul Sunny answered 2 years ago

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