Posiitive or normative. Explain 1)society faces a short-run trade-off between inflation and unemploy

2) A reduction in the rate of growth of money will reduce the rate of inflation.

3) The Federal Reserve should reduce the rate of growth of money.

4) Society ought to require welfare recipients to look for jobs.

5) Lower tax rates encourage more work and more saving.

Posiitive or normative. Explain 1)society faces a short-run trade-off between inflation and unemployment.?honda finance

(1) Positive

(2) Positive

(3) Normative

(4) Normative

(5) Positive

Positive is when you say how the world is (even if what you are saying is open to debate or you are saying it to support some opinion). Normative is when you say what should be done or make value judgments.

Posiitive or normative. Explain 1)society faces a short-run trade-off between inflation and unemployment.?

loan

in layman terms, consider this.

He is fat.(positive)

He ought to go jogging(normative). it is normative because one might argue that skipping ropes is a better way.