Which of these statements is an example of normative economics?"Speculation caused a recession."
"The bond market is in decline."
"Inflation is higher this year."
"Taxes ought to be lowered."
How has economics traditionally been defined?The study of money and politics
The study of how people make and use currency
The study of how the concept of money has changed over time
The study of how people choose to use their limited resources to satisfy their unlimited wants.
