Which of the following is an example of a positive statement?
A) Lower interest rates should lead to decreased savings.
B) If the minimum wage increases, the world will be a better place.
C) Inflation is more harmful to the economy than unemployment.
D) The benefits to the economy of improved equity are greater than the costs of reduced efficiency.
Correct Answer:
Verified
Q124: How do economists view positive statements?
A) affirmative,
Q125: Which statement is an example of a
Q126: What does macroeconomics study?
A) individual decision makers
B)
Q127: What two broad subfields is the field
Q128: What are economists who try to explain
Q130: What does microeconomics study?
A) the behaviour of
Q131: What would be considered a topic of
Q132: What type of statement is "When the
Q133: Figure 2-8 Q134: What would a macroeconomist NOT study?
A) the
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