The Statement in a Newspaper That "Consumer Prices Rose Last

question 312

Multiple Choice

The statement in a newspaper that "consumer prices rose last month by 1 percent, and if this trend continues, the annual rate of inflation will be 12 percent for the year" is an example of

• A) a normative economic statement.
• B) a positive economic statement.
• C) microeconomic analysis.
• D) rational self-interest.

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