Which is an example of a positive economic statement?
A) The minimum wage should be higher.
B) It would be more efficient, and therefore preferable, to legalize drugs.
C) The government should restrict deficit spending and balance the budget.
D) Higher interest rates will lead to lower rates of inflation.

Question

Quizplus · Accepted Answer

This statement is positive because it simply states the relationship between interest rates and inflation without making a value judgment or advocating for a specific action.

Which Is an Example of a Positive Economic Statement