ʺAs part of the financial crisis bailout plan in 2009, the Federal Reserve bought stakes in banks. This policy will result in an increase in the inflation rate.ʺ This is an example of
A) a microeconomic statement.
B) an economic model.
C) a normative statement.
D) a positive statement.
Correct Answer:
Verified
Q183: Which of the following is a positive
Q184: When Susan makes the statement, ʺThe government
Q185: The statement that is a positive statement.
A)
Q186: ʺWhen OPEC increases the supply of oil
Q187: An economic model is
A) a collection of
Q189: ʺThe rich should pay higher income tax
Q190: Which of the following is a normative
Q191: An economic model includes
A) only normative statements.
B)
Q192: Consider the following events:
i. Samsung hires associates
Q193: A normative statement is
A) about what ought
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