Multiple Choice
Which of the following is an example of a normative - as opposed to a positive - statement?
A) The discount rate is the interest rate the Federal Reserve charges banks to borrow funds.
B) The US income tax rate increases with the amount of income earned.
C) The government should increase the tax on gasoline.
D) The US unemployment rate increased to 10 percent in 2009.
Correct Answer:
Verified
Correct Answer:
Verified
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