When a U.S. Senator tells a campaign crowd that "High inflation rates are a much more serious economic problem than high unemployment rates," it is an example of
A) a normative statement.
B) an empirically proven fact.
C) a positive statement.
D) a microeconomic argument.

Question

Quizplus · Accepted Answer

This statement is a normative statement because it reflects the senator's opinion about the relative seriousness of high inflation and high unemployment, which is subjective and value-laden. It cannot be proven or disproven by empirical evidence, which would make it a positive statement. It is not a microeconomic argument, as it relates to macroeconomic issues.

When a US Senator Tells a Campaign Crowd That "High Inflation Rates