Which of the following is a positive statement?O a. An inflation rate of 7 percent is too high.b. The unemployment rate of 7 percent or higher is a national disgrace.c. Unemployment and inflation are equally important problems.O d. Unemployment is a less important problem than inflation.e. When the national unemployment rate is 7 percent, the unemployment rate among inner-city youth is often close to 40 percent.

Positive and normative analysis are two branches of economics. Positive analysis focuses on “what…

is a positive statement? of 7 percent is too high. ent rate of 7 percent or higher is a national disgrace. nd inflation are equally important problems. s a less important problem than inflation. al unemployment rate is 7 percent, the unemployment rate among inner-city youth is often cl

is a positive statement? of 7 percent is too high. ent rate of 7 percent or higher is a national disgrace. nd inflation are equally important problems. s a less important problem than inflation. al unemployment rate is 7 percent, the unemployment rate among inner-city youth is often cl

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter6: Measuring The Cost Of Living

Section: Chapter Questions

Problem 9PA

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Question

Which of the following is a positive statement?
O a. An inflation rate of 7 percent is too high.
b. The unemployment rate of 7 percent or higher is a national disgrace.
c. Unemployment and inflation are equally important problems.
O d. Unemployment is a less important problem than inflation.
e. When the national unemployment rate is 7 percent, the unemployment rate among inner-city youth is often close to 40 percent.

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