Is the following a positive or normative statement? The United States government should mandate that every citizen purchases health insurance
normative
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Which one of the following countries refused to accept the IMF conditions during the East Asian financial crisis?
A) South Korea B) Indonesia C) Malaysia D) Thailand E) Singapore
The rate at which aggregate supply changes to restore equilibrium at potential output depends crucially on:
a. how quickly planned investment spending adjusts to changes in population growth b. how quickly planned consumption spending adjusts to changes in the price level and nominal wages. c. how quickly technology changes to increase aggregate supply. d. whether the economy is experiencing a recessionary gap or an expansionary gap. e. how quickly real wages adjust to restore full employment in the labor market.
Expansionary monetary policy strengthens the exchange rate of a country
a. True b. False Indicate whether the statement is true or false
The principal mechanism for directly changing the reserves of the banking system is:
A. The discount rate. B. The reserve requirement. C. Open-market operations. D. The federal funds rate.