Which of the Following Statement Is Normative

question 113

Multiple Choice

Which of the following statement is normative?

• A)The interest rate increases are the result of Federal Reserve actions to decrease the money supply.
• B)A large budget surplus is likely to lower interest rates.
• C)Higher taxes are needed to support education.
• D)Trade deficits frequently occur in conjunction with budget deficits.

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Definitions:

Testimony

A formal statement made under oath, often used as evidence in court or other legal proceedings.

Formal Service

A process in legal proceedings that involves the official delivery of documents to inform a person of legal actions or proceedings against them.

Jurisdictions

The official power to make legal decisions and judgments, often referred to in context of geographical area or scope of legal authority.

Liability

The state of being legally responsible (liable) for something, such as a debt or obligation.