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2. Statement Identification (10 points) Given the following two statements, identify which one is a positive economic statement and which one is a normative

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2. Statement Identification (10 points) Given the following two statements, identify which one is a positive economic statement and which one is a normative economic statement. i) The Federal Reserve has raised interest rates to their highest level in 22 years. ii) The Federal Reserve will raise interest rates even higher this year.

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