Which of the Following Is an Example of a Positive,as

question 405

Multiple Choice

Which of the following is an example of a positive,as opposed to 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.

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Definitions:

Department of Justice

A U.S. government's federal department tasked with law enforcement and the management of justice.

Mergers

The process by which two or more companies combine operations, often to increase competitiveness or to expand market share.

Glass-Steagall Act

A law enacted in 1933 to separate commercial banking from investment banking, aimed at reducing conflicts of interest and systemic risks.

Monopolies

Market structures characterized by a single seller dominating a particular market, possessing significant market power over the price and supply of a product or service.