Which of the following is a normative statement?
A) An increase in taxes will cause higher unemployment.
B) An increase in tariffs will increase the domestic prices paid by consumers.
C) Income should be redistributed from the top 2% of wage earners to the lower income brackets.
D) Running government budget deficits leads to higher market interest rates.
E) Increasing the money supply will lead to inflation.
Correct Answer:
Verified
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