The unemployment rate peaked at around 10% following the 2008–09 financial crisis. Get one-on-one homework help from our expert tutors—available online 24/7. They involve making value judgments about things. Final Macro economics - Free download as PDF File (.pdf), Text File (.txt) or read online for free. Find the best study resources around, tagged to your specific courses. A) Government has grown too large and should be reduced. Learn vocabulary, terms, and more with flashcards, games, and other study tools. This is an example of: A) a normative statement. Join Yahoo Answers and get 100 points today. B) a positive statement. "Unemployment of 5% is too high" is: A) a normative statement. Course Hero is not sponsored or endorsed by any college or university. Normative statements are statements of opinion. C) the circular-ow model. This is the opposite of positive statements… The effects of high unemployment are far reaching, extending from the confines … C) Government is subject to the same rules as all other institutions. 235.Which of the following is a normative statement? D) often useful in forming economic policy. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Once the U.S. unemployment rate surpasses the 5 percent to 6 percent range, it reflects high unemployment in the country, according to a 2014 article in USA Today. This is a _____ statement. Ask your own questions or browse existing Q&A threads. mirco economics Explain why you believe this.. Study 127 economics flashcards from Michaela F. on StudyBlue. B) a positive statement. This is an example of. D) comparative... 19.Unemployment of 5% is too high. Far too many people are unemployed these days. How North Korea's Kim marked the new year, Jennifer Lopez grieves for COVID-19 victims, 'Patriotic Millionaires' want to kick in on relief checks, Cheers! C) the circular-flow model. Get your answers by asking now. B) The rate of inflation has increased. Share your own to gain free Course Hero access. ? Thanks to the COVID-19 epidemic, low unemployment has become a thing of the very recent past. Congress has been unusually generous to the approximately 41 million unemployed people like me. The current rate of unemployment of 9% is too high. This is the opposite of positive statements, which are strictly factual. Unemployment is universally recognized as undesirable. D) an example of comparative advantage. Start studying Economics CH1. Why is everyone but us so underdeveloped? this charge … Satisfaction guaranteed! Are there any countries’ currencies which have 1/1000 or 0.001 unit (for example: 1 mil )? Start studying Economics Submission 1. So if you said the unemployment rate is 10%, that would be a "positive" statement, but if you say the rate is 5% too high, you are stating your own opinion about what unemployment "should be". 1dph bbbbbbbbbbbbbbbbbbbbbbbb &odvv bbbbbbbbbbbbbbbbbbb 'dwh bbbbbbbbbb ,' $ 0rgxoh 33& sudfwlfh 0xowlsoh &krlfh,ghqwli\ wkh fkrlfh wkdw ehvw frpsohwhv wkh vwdwhphqw ru … We’ve got course-specific notes, study guides, and practice tests along with expert tutors. This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here! What’s the difference between money and wealth ? Answer to 19.Unemployment of 5% is too high. They involve making value judgments about things. The current rate of unemployment of 5% is too high. B) a positive statement. This is an example of a. normative statement b. positive statement c. the circular flow model d. none of the above.. My answer is C because The circular-flow diagram represents the transactions in an economy by flows around a circle. 14) If your tuition is $2,000 this semester, your books cost $400, you can only work 10 rather than 40 hours per week during the 15 weeks you are … Study 91 Final Exam - EC 201 flashcards from Allison S. on StudyBlue. That is more evident than ever thanks to the Covid-19 pandemic, which left 10 million Americans jobless in its first two weeks. Course Hero has all the homework and study help you need to succeed! 234. the U.S. supreme court ruled that the microsoft corporation had illegally protected its windows monopoly against competitors and had attempted to monopolize the market for browsers. C) the circular-flow model. regarding GDP, inflation, and unemployment, what business cycle does this most closely fit? D) Still have questions? C) made generally of wood, plastic, and/or metal. The current rate of unemployment of 9% is too high. A Normative Statement. Normative statements are statements of opinion. 6. Unemployment of 5% is too high. New booze tariffs about to take effect, Packers suffer major loss days before season finale, Biden certification in Congress likely to be contentious, Groundbreaking rapper, producer MF Doom dies at 49, Legal pot and more: 5 laws taking effect in 2021, Pence to judge: Toss GOP bid to overturn election, Suit against Masterson goes to 'religious arbitration', McConnell: $2K stimulus checks ‘socialism for rich’. This is an example of: A) a normative statement. Suppose that initially equilibrium income was 200 units and that this was also the full employment level of income. Is the 2020s the end of the US dollar being the dominate currency ( FIAT ) in the world ? Why do we think a 4.5% unemployment rate is too low or, to put it somewhat diferently, is acceptable. Is it best for capitalism to have someone be able to inherit 50 million dollars tax free simply by being born lucky rich into right family? 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