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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 10
Which of the following is a statement of positive economics?
A) An unemployment rate of greater than 8 percent is good because prices will fall.
B) An unemployment rate of 7 percent is a serious problem.
C) If the overall unemployment rate is 7 percent, unemployment rates among African Americans will average 15 percent.
D) Unemployment is a more severe problem than inflation.
A) An unemployment rate of greater than 8 percent is good because prices will fall.
B) An unemployment rate of 7 percent is a serious problem.
C) If the overall unemployment rate is 7 percent, unemployment rates among African Americans will average 15 percent.
D) Unemployment is a more severe problem than inflation.
Explanation
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Positive economics explains the economic...
Economics for Today 9th Edition by Irvin Tucker
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