5. Which of the following statements is/are normative? I. The price of gasoline is rising. II. The...

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5. Which of the following statements is/are normative?

I. The price of gasoline is rising.

II. The price of gasoline is too high.

III. Gas prices are expected to fall in the near future.

a. I only

b. II only

c. III only

d. I and III only

e. I, II, and III

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Macroeconomics In Modules

ISBN: 978-1464139055

3rd Edition

Authors: Paul Krugman ,Robin Wells

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