Which of the following is an example of a normative statement?
A. The American Recovery and Reinvestment Act should not have been passed during the Great Recession.
B. Unemployment soared to 25 percent during the Great Depression.
C. An increase in alcohol taxes will reduce the number of drunk driving accidents.
D. Great Britain has fewer hospital beds per capita today than they did in 1948.
A. The American Recovery and Reinvestment Act should not have been passed during the Great Recession.
You might also like to view...
The unemployment rate equals 100 multiplied by the
A) number of people unemployed divided by the number of people employed. B) number of people unemployed divided by the population. C) number of people unemployed divided by the labor force. D) number of people unemployed divided by the working-age population. E) labor force divided by the number of people unemployed.
All of the following except ____ are shortcomings of cost-benefit analysis
a. difficulty in measuring third-party costs b. difficulty in measuring third-party benefits c. failure to consider the time value of benefits and costs d. difficulty of accounting for program interactions e. a and b
From a Keynesian viewpoint, the Phillips curve should slope ___________ so that higher unemployment means lower inflation.
a. down b. up c. perfectly vertical d. perfectly horizontal
In the 1990s, the rising value of the U.S. dollar made imported goods cheaper and this shifted the
a. aggregate demand curve outward. b. aggregate supply curve inward. c. aggregate supply curve outward. d. total expenditures curve upward.