Multiple Choice
Which of these statements is a positive statement (as opposed to a normative statement) ?
A) Income tax rates should not have been cut as they were a few years ago.
B) The quantity of money has grown too slowly in recent years.
C) When the quantity of money grows rapidly, inflation is a predictable consequence.
D) All of the above are positive statements.
Correct Answer:
Verified
Correct Answer:
Verified
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