Why do we think a 4.5% unemployment rate is too low or, to put it somewhat diferently, is acceptable. Get one-on-one homework help from our expert tutors—available online 24/7. The current rate of unemployment of 9% is too high. "Unemployment of 5% is too high" is: A) a normative statement. Join Yahoo Answers and get 100 points today. D) comparative... 19.Unemployment of 5% is too high. A Normative Statement. They involve making value judgments about things. Normative statements are statements of opinion. 234. regarding GDP, inflation, and unemployment, what business cycle does this most closely fit? 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. Share your own to gain free Course Hero access. Start studying Economics CH1. Far too many people are unemployed these days. This is the opposite of positive statements, which are strictly factual. This is a _____ statement. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Course Hero has all the homework and study help you need to succeed! Are there any countries’ currencies which have 1/1000 or 0.001 unit (for example: 1 mil )? Unemployment of 5% is too high. Congress has been unusually generous to the approximately 41 million unemployed people like me. 235.Which of the following is a normative statement? Study 127 economics flashcards from Michaela F. on StudyBlue. Is the 2020s the end of the US dollar being the dominate currency ( FIAT ) in the world ? 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. D) often useful in forming economic policy. B) a positive statement. 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". Satisfaction guaranteed! The current rate of unemployment of 5% is too high. Start studying Economics Submission 1. mirco economics We’ve got course-specific notes, study guides, and practice tests along with expert tutors. 1dph bbbbbbbbbbbbbbbbbbbbbbbb &odvv bbbbbbbbbbbbbbbbbbb 'dwh bbbbbbbbbb ,' $ 0rgxoh 33& sudfwlfh 0xowlsoh &krlfh,ghqwli\ wkh fkrlfh wkdw ehvw frpsohwhv wkh vwdwhphqw ru … Ask your own questions or browse existing Q&A threads. 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 charge … B) The rate of inflation has increased. Suppose that initially equilibrium income was 200 units and that this was also the full employment level of income. Learn vocabulary, terms, and more with flashcards, games, and other study tools. 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! Unemployment is universally recognized as undesirable. A) Government has grown too large and should be reduced. This is an example of: A) a normative statement. The current rate of unemployment of 9% is too high. Normative statements are statements of opinion. C) made generally of wood, plastic, and/or metal. C) Government is subject to the same rules as all other institutions. Explain why you believe this.. The effects of high unemployment are far reaching, extending from the confines … They involve making value judgments about things. C) the circular-flow model. 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? This is an example of: A) a normative statement. Course Hero is not sponsored or endorsed by any college or university. C) the circular-flow model. Find the best study resources around, tagged to your specific courses. Why is everyone but us so underdeveloped? Still have questions? 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. Final Macro economics - Free download as PDF File (.pdf), Text File (.txt) or read online for free. This is an example of. B) a positive statement. What’s the difference between money and wealth ? The unemployment rate peaked at around 10% following the 2008–09 financial crisis. Get your answers by asking now. Answer to 19.Unemployment of 5% is too high. C) the circular-ow model. Thanks to the COVID-19 epidemic, low unemployment has become a thing of the very recent past. 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. 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 … This is the opposite of positive statements… ? 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