THE STATEMENT THAT "THE UNEMPLOYMENT RATE WILL INCREASE AS THE...

25. The statement that "the unemployment rate will increase as the economy moves into a recession" is an example of:a normative statement.a microeconomic statement.marginal analysis.→ a generalization. AACSB: Analytic

Test Bank for Essentials of Economics 3rd Edition by Brue

Blooms: UnderstandDifficulty: 1 EasyLearning Objective: 01-02 Describe the role of economic theory in economics.Multiple Choice Question Topic: Theories, principles, and models