A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · May/June 2011 · Q31 Mark
Which is a normative statement?
AAn increase in the rate of inflation will lead inevitably to an increase in unemployment.
Breduction in unemployment below a certain level will lead to higher inflation.
CInflation can be reduced only by increasing the level of unemployment.
DUnemployment is more harmful than inflation.
✓ Correct answer
D: Unemployment is more harmful than inflation.
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