Which of the following is a normative economic statement? a. The unemployment rate for the United States

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Which of the following is a normative economic statement?

a. The unemployment rate for the United States is currently 5.4%.

b. The inflation rate in the United States is too high.

c. An increase in the price of a good will reduce the amount purchased.

d. Higher profits will attract more entrepreneurs into the industry.

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Survey Of Economics

ISBN: 9780357720806

11th Edition

Authors: Irvin B. Tucker

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Question Posted: Dec 29, 2023 07:35 AM

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Which of the following is a normative economic statement? a. The unemployment rate for the United States

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Survey Of Economics

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