Suppose that the Council of Economic Advisers tells the President that "the unemployment rate is 4 percent." The President responds,"That rate is still too high." The President's statement is

Question

Quizplus · Accepted Answer

The President's statement expresses an opinion about what the unemployment rate should be, which is a value judgment and not a verifiable fact. Therefore, it is a normative statement.

Suppose That the Council of Economic Advisers Tells the President