If a policymaker says: “Higher inflation hurts the poor more, therefore the government ought to reduce it immediately.” Which part is positive and which part is normative?

Question

Answer

“Hurts the poor more” → Positive; “ought to reduce” → Normative

Answer

“Hurts the poor more” → Normative; “ought to reduce” → Positive

Answer

Both parts are positive

Answer

Both parts are normative

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If a policymaker says: “Higher inflation hurts the poor more, therefore the gove...

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