Which of the following signals a normative economic statement?
a. is
b. has been shown to be
c. should be
d. can be
e. is more than
C
Economics
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The larger the number of suppliers, the _____________the market supply.
Fill in the blank(s) with the appropriate word(s).
Economics
Milton Friedman argued that there
A) are two Phillips curves, a short-run one and a long-run one. B) are three Phillips curves, a short-run one, a long-run one, and one in stagflation. C) is one Phillips curve, and it is vertical. D) is one Phillips curve, and it is nearly flat or horizontal.
Economics