Determine whether each of the following statements is normative or positive: a. The U.S. unemployment rate was
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a. The U.S. unemployment rate was below 10.0 percent in 2010.
b. The inflation rate in the United States is too high.
c. The U.S. government should increase the minimum wage.
d. U.S. trade restrictions cost consumers $40 billion annually.
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Related Book For
Microeconomics A Contemporary Introduction
ISBN: 978-1111415921
9th edition
Authors: William A. McEachern
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