Which of the following is an example of a normative, as opposed to a positive, statement?
A) Gasoline prices ought to be lower than they are now.
B) A decrease in the minimum wage would decrease unemployment.
C) The elimination of trade restrictions would increase an economy's standard of living.
D) In response to the most recent recession, the federal government extended the duration of unemployment benefits.
Correct Answer:
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Q247: Table 2-3 Q248: Figure 2-4 Q249: Figure 2-5 Q250: Economists at which of the following government Q251: Figure 2-6 Q253: Figure 2-6 Q254: Table 2-3 Q255: Which of the following would likely be Q256: Macroeconomics is the study of Q257: Figure 2-4 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
Graph (a)
Graph (b)
A)individual decision makers.
B)economy-wide
Graph (a)
Graph (b)