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"The Unemployment Rate Is Too High" Is an Example of a Positive

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"The unemployment rate is too high" is an example of a positive economic statement.


Definitions:

Applied Research

Research that seeks answers to particular questions or to apply scientific discoveries to develop specific products.

Basic Research

The search for knowledge without regard to how that knowledge will be used.

Visible Output Changes

refer to tangible or easily observable modifications in production or service output levels within an economy or organization.

Per Capita Real Output

The average production per person in a region, adjusted for inflation, reflecting the real productivity.

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