Which of the Following Is a Positive Statement

question 84

Multiple Choice

Which of the following is a positive statement?

• A) My dog should lose some weight.
• B) Legally requiring dogs to have rabies shots will reduce the number of rabid dogs.
• C) You should take your dog to the veterinarian once a year for a checkup.
• D) Chihuahuas are cuter than bulldogs.
• E) All dogs should be required to wear leashes at all times.

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Definitions:

Classical Dichotomy

The theoretical separation of nominal and real variables in classical economics, suggesting that changes in the money supply only affect nominal variables.

Inflation Rate

An upward movement in the overall price level of goods and services in an economy over time.

Aggregate Demand

Aggregate request for products and services in an economy, measured at a particular general price level throughout a defined time interval.

Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy, reflecting inflation or deflation.