for each of the following statements, indicate whether they are positive, normative or both.\na. if the…

for each of the following statements, indicate whether they are positive, normative or both.\na. if the federal reserve raises interest rates, demand for housing is likely to fall.\nneither a normative nor a positive statement\nboth a normative and a positive statement\nnormative statement\npositive statement\nb. the federal reserve should raise interest rates to keep inflation at an acceptably low level.\nnormative statement\npositive statement\nneither a normative nor a positive statement\nboth a normative and a positive statement\nc. stock prices are likely to fall over the next year as the economy slows.\nnormative statement\nneither a normative nor a positive statement\npositive statement\nboth a normative and a positive statement\nd. a reduction in the capital gains tax (the tax on profits made in the stock market) would lead to a 10 to 20 percent increase in stock prices.\nnormative statement\npositive statement\nneither a normative nor a positive statement\nboth a normative and a positive statement\ne. congress should not reduce capital gains taxes without also providing tax breaks for lower - income people\nneither a normative nor a positive statement\nboth a normative and a positive statement

for each of the following statements, indicate whether they are positive, normative or both.\na. if the federal reserve raises interest rates, demand for housing is likely to fall.\nneither a normative nor a positive statement\nboth a normative and a positive statement\nnormative statement\npositive statement\nb. the federal reserve should raise interest rates to keep inflation at an acceptably low level.\nnormative statement\npositive statement\nneither a normative nor a positive statement\nboth a normative and a positive statement\nc. stock prices are likely to fall over the next year as the economy slows.\nnormative statement\nneither a normative nor a positive statement\npositive statement\nboth a normative and a positive statement\nd. a reduction in the capital gains tax (the tax on profits made in the stock market) would lead to a 10 to 20 percent increase in stock prices.\nnormative statement\npositive statement\nneither a normative nor a positive statement\nboth a normative and a positive statement\ne. congress should not reduce capital gains taxes without also providing tax breaks for lower - income people\nneither a normative nor a positive statement\nboth a normative and a positive statement

Answer

Brief Explanations:

Positive statements are objective claims that can be tested or disproven by referring to evidence. Normative statements are subjective and involve value - judgments. a. This is a prediction about the relationship between interest rates and housing demand, which can be tested, so it's a positive statement. b. The word "should" indicates a value - judgment about what the Federal Reserve ought to do, so it's a normative statement. c. A prediction about stock prices based on the state of the economy, which can be verified or refuted, is a positive statement. d. A claim about the impact of a tax change on stock prices, which can be tested, is a positive statement. e. The use of "should not" shows a value - judgment about tax policy, so it's a normative statement.

Answer:

a. Positive statement b. Normative statement c. Positive statement d. Positive statement e. Normative statement