Normative economic analysis

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    Analyzes what policies and economic outcomes are best for society, and is often accompanied by value judgments.
     Are observations that quantify what normally occurs when workers, consumers, firms and investors interact in the market.
     Is based on cause and effect relationships observed in the economy.
     Quantifies possible outcomes so that policymakers can rank the desirability of policy recommendations and their impact on the economy.
asked May 30, 2013 in Economics by anonymous
    

1 Answer

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Analyzes what policies and economic outcomes are best for society, and is often accompanied by value judgments.
answered May 31, 2013 by Xyz ~Expert~ (3,650 points)

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