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When Al Makes the Statement,"The Cost of Living Has Increased

Question 170

Multiple Choice

When Al makes the statement,"The cost of living has increased 10 percent over the past 10 years," he is


A) making a positive statement.
B) making a negative statement.
C) making a normative statement.
D) testing an economic model.
E) identifying the standard of living-cost of living tradeoff.

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