The statement "Unemployment should be below 6 percent" is

A) a positive statement.
B) a normative statement.
C) a prediction.
D) an assumption.

B

Economics

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Consumption spending refers to ________ spending on goods and services

A) government B) business C) foreign D) household

Economics

Economists often remark that accounting data are purely historical and at an aggregate level and do not provide information on incremental changes. So why is it the key data source for decision control and important in decision management?

What will be an ideal response?

Economics