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Which of the following four statements is True, False or Uncertain? Pleaseexplain your answer. 1. Money is a capital resource. 2. Limited resources are the
Which of the following four statements is True, False or Uncertain? Pleaseexplain your answer.
1. Money is a capital resource.
2. Limited resources are the fundamental reason of the economic problem.
3. Bank of America, a large U.S. bank, recently announced that it will increase the interest rates on business loans. The bank's statement is considered a macroeconomics issue.
4. Higher minimum hourly wage rates will raise the unemployment rate. This is an example of a normative (policy) economics statement.
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