Which if the following is a normative statement?
a. The extent of income inequality in the United States is unjust.
b. An increase in the demand for gasoline will lead to an increase in its price.
c. The American Recovery and Reinvestment Act has created hundreds of thousands of jobs.
d. The current unemployment rate is 8.5%
e. Inflation harms individuals living on fixed incomes.
A
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The main examples of macroeconomic coordination failures are
A. profit declines. B. relative price changes. C. recessions and depressions. D. consumer taste changes.
Based on the figure below. Starting from long-run equilibrium at point C, a favorable inflation shock that decreases inflation from ? to ?1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. A; C B. B; A C. B; C D. A; B
How does poor health contribute to poverty? How does poverty contribute to poor health?
What will be an ideal response?
If consumption is $800 when income is $1,000 . the marginal propensity to consume (MPC) must be 0.80
a. True b. False Indicate whether the statement is true or false