Normative statements i. describe how the world is. ii. describe how the world ought to be. iii. depend on people's values and cannot be tested

When economic or political conditions are unstable,

a. the price of gold rises to $850 per ounce. b. the supply of gold decreases. c. the price of gold decreases. d. the demand for gold increases.

Stagflation is a combination of ________ real GDP and a ________ price level

A) decreasing; falling B) decreasing; rising C) increasing; rising D) no change in; rising E) increasing; falling