Suppose that the Council of Economic Advisers tells the President that "the unemployment rate is 4 percent." The President responds, "That rate is still too high." The President's statement is
a. a normative statement
b. a positive statement
c. empirically verifiable by checking economic data
d. an indisputable statistical fact
e. an incorrect positive statement
A
Economics
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A) repairs and maintenance. B) hazard insurance premiums. C) real estate taxes. D) principal and interest.
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Discretionary government policy ensures the stabilization of the economy.
Answer the following statement true (T) or false (F)
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What are the three main sources for economic growth in any economy?
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