"Crowding out" investment in supply side economics refers to a situation in which groups of investors compete with each other, thereby driving up interest rates

You know an economist has crossed the line from scientist to policy adviser when he or she

a. claims that the problem at hand is widely misunderstood by non-economists. b. talks about the evidence. c. makes normative statements. d. makes a claim about how the world is.

All of the following are examples of normative statements EXCEPT:

A. Output per person typically grows more slowly than output per worker. B. Low unemployment is more desirable than low inflation. C. Output per person should increase at an average annual rate of 5 percent. D. High rates of economic growth are preferable to low rates.