"Inflation is a more serious problem than unemployment." This statement is an example of
A)a normative statement.
B)the fallacy of composition.
C)a positive statement.
D)microeconomics.
E)macroeconomics.

Question

Quizplus · Accepted Answer

This statement is a normative statement because it expresses a value judgment about the relative severity of two economic issues. It is not a positive statement that can be tested or confirmed through empirical data.

"Inflation Is a More Serious Problem Than Unemployment