Business, 09.09.2019 16:10 Fvmousdj5

This question is based on the article: free exchange (2012, december 1). the complex effects of low interest rates on consumption and investment. retrieved from overall, which statement best characterizes the frame of reference used by this article?
a. the frame of reference used by this article is normative because it concludes with a judgment about the desirability/undesirability of current monetary policy.
b. the frame of reference used by this article is positive because the reasoning that this article uses is is based on a positive theory of monetary policy.
c. this article is essentially two separate arguments, one based on normative frames of reference, the other based on positive frames of reference.
d. this article contains a complex argument in which positive frames of reference are used to establish what happens when interest rates are low and normative frames of reference are used to evaluate the desirability of the outcomes that were established using positive frames of reference.

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This question is based on the article: free exchange (2012, december 1). the complex effects of low...

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