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5. Which of the following is a normative economic statement? O the unemployment rate in the U.S. is currently below 4% O the inflation rate

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5. Which of the following is a normative economic statement? O the unemployment rate in the U.S. is currently below 4% O the inflation rate in the U.S. is too low O an increase in the price of a good will reduce the amount purchased O higher profits in an industry will attract more entrepreneurs into the industry

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