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The Statement in a Newspaper That "Consumer Prices Rose Last

Question 75

Multiple Choice

The statement in a newspaper that "consumer prices rose last month by 1 percent, and if this trend continues, the annual rate of inflation will be 12 percent for the year" is an example of:


A) A normative economic statement
B) A positive economic statement
C) Microeconomic analysis
D) Rational self-interest

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