The economic principle that "unemployment rate will tend to increase as the economy moves into a recession" is an example of:
A) A normative statement
B) An assumption
C) A loaded terminology
D) A generalization

Question

Quizplus · Accepted Answer

The statement is a generalization based on historical data and empirical evidence about the relationship between economic recessions and unemployment rates. It does not express any value judgment or subjective opinion (normative statement), make any unproven assertion (assumption) or use emotionally charged language (loaded terminology).

The Economic Principle That "Unemployment Rate Will Tend to Increase