The Headline in the Local Paper Today Is "College Tuition

question 282

Multiple Choice

The headline in the local paper today is "College tuition next fall will be raised by 3 percent." This statement is an example of

• A) a normative statement.
• B) a positive statement.
• C) a macroeconomic statement.
• D) ceteris paribus.

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Definitions:

Money Supply

The total amount of monetary assets available in an economy at a specific time.

Gold Standard

A financial system in which the value of a nation's paper currency is directly tied to gold.

Lower Prices

A decrease in the cost of goods or services, often resulting from factors such as increased competition, lower production costs, or decreased demand.

Wages

The fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee, especially to a manual or unskilled worker.