Which of the following is a positive statement? a. An unemployment rate is 5.8 percent. b. The unemployment rate of 5.8 percent is too high. c. The unemployment rate should be below 5.8 percent. d. The unemployment rate should never be above 5.8 percent
This question is asking you to differentiate between positive and normative economics. Positive economics is concerned with facts that can be verified and proven true or false. By contrast,...
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