"If A occurs then B will follow" is a
A) positive statement.
B) normative statement.
C) non-testable statement.
D) statement lacking in logic.
A
Economics
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An inflation rate that exceeds 50 percent per month is referred to as
A) hyperinflation. B) destructive deflation. C) superflation. D) anticipated inflation.
Economics
Economists assume consumers select a bundle of goods that maximizes their well-being subject to
A) their budget constraint. B) their income. C) relative prices. D) their marginal rate of substitution.
Economics