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Which of the Following Is a Normative Economic Statement

Question 35

Multiple Choice

Which of the following is a normative economic statement?


A) The unemployment rate for the United States is currently 5.4 percent.
B) The inflation rate in the United States is too high.
C) An increase in the price of a good will reduce the amount purchased.
D) Higher profits in an industry will attract more entrepreneurs into the industry.

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