The opening quotation of the chapter refers to Keynes's view of theory. a. What do you think
Question:
a. What do you think he meant by it?
b. How does it relate to the emphasis on the "other things constant" assumption?
c. Do you think Keynes's interest was mainly in positive economics, the art of economics, or normative economics? Why?
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The correct entry should be Debit: Armstrong, Capital $48,000 Credit: Cash $58,000 Debit: Jackson, Capital $5,000 Debit: Tanner, Capital $5,000
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