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6 Oct 2020
Identify whether each of the following statements are positive or normative.
A. There is short run trade off between inflation and unemployment
B. Reduction in money supplly reduces inflation
C. Central bank should reduce interest rate
D. Welfare recipients should look for jobs
E. Reduction in taxes increases savings.
Identify whether each of the following statements are positive or normative.
A. There is short run trade off between inflation and unemployment
B. Reduction in money supplly reduces inflation
C. Central bank should reduce interest rate
D. Welfare recipients should look for jobs
E. Reduction in taxes increases savings.
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