Which of the following is a normative economic statement?

Group of answer choices

The government should commit to reducing income inequality.

A reduction in the government deficit by 1% will make interest rates decrease 1%.

The inflation rate next year will be less than 3%.

The national unemployment rate in January of this year was 5.5%.

2)Government controls all market activity in the United States.

True

False

3)What occurs to make a shortage in a market?

Quantity demanded is more than quantity supplied.

Quantity demanded is less than quantity supplied.

The market is in equilibrium.

Quantity demanded and quantity supplied are equal.

4)Which of the following does not cause a change in supply?

A change in price

A change in expectations

A change in input prices

A change in technology