Chat with AI
Macroeconomics 10th Edition by William McEachern
Edition 10ISBN: 978-1133188131Macroeconomics 10th Edition by William McEachern
Edition 10ISBN: 978-1133188131 Exercise 7
NORMATIVE VERSUS POSITIVE Analysis Determine whether each of the following statements is normative or positive:
a. The U.S. unemployment rate was below 9 percent in 2012.
b. The inflation rate in the United States is too high.
c. The U.S. government should increase the minimum wage.
d. U.S. trade restrictions cost consumers $100 billion annually.
a. The U.S. unemployment rate was below 9 percent in 2012.
b. The inflation rate in the United States is too high.
c. The U.S. government should increase the minimum wage.
d. U.S. trade restrictions cost consumers $100 billion annually.
Explanation
Verified
Verified
a.Positive statement:
The U.S. unemploy...
Macroeconomics 10th Edition by William McEachern
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
