Which of the following is a normative statement?
A) An increase in consumer income will lead to increased sales of beef.
B) An income tax increase will cause a greater reduction in savings than an increase in the sales tax.
C) A decrease in the rate of unemployment will lead to upward pressure on consumer prices.
D) An economy with high unemployment is worse than an economy with high inflation.
Correct Answer:
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A)true statements.
B)testable hypotheses.
C)value
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A)one
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A)unemployment.
B)inefficiency.
C)economic growth.
D)inflation.
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B)price stability.
C)inflation.
D)unemployment.
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B)an
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