An economist claims that "the evidence suggests that high rates of inflation are associated with slow long-term economic growth." This is an example of

Question

Quizplus · Accepted Answer

The economist's statement is based on empirical evidence and makes a factual claim about the relationship between inflation and economic growth. This falls under the realm of positive economics, which concerns itself with describing and explaining economic phenomena.

An Economist Claims That "The Evidence Suggests That High Rates