[Steps Shown] Which of the following is a normative statement? Next year’s inflation rate will be under 4 percent. Consumers will buy more gasoline over
Question: Which of the following is a normative statement?
- Next year’s inflation rate will be under 4 percent.
- Consumers will buy more gasoline over the Christmas holiday even if the price of gas is 10 cents higher than it was during the Thanksgiving holiday
- The government’s cuts in welfare spending impose an unfair hardship on the poor.
- The current butter surplus is the result of federal policies.
Deliverable: Word Document 
![[Step-by-Step] The problem of the commons arises](/images/solutions/MC-solution-library-36732.jpg "[Step-by-Step] The problem of the commons arises because ________")
[Step-by-Step] The problem of the commons arises because ________
![[Steps Shown] The existence of a shortage](/images/solutions/MC-solution-library-36733.jpg "[Steps Shown] The existence of a shortage Means resources are")
[Steps Shown] The existence of a shortage Means resources are
(See Steps) The demand for movies is unit elastic if A 5 percent
![[Step-by-Step] Producers’ total revenue will increase if](/images/solutions/MC-solution-library-36735.jpg "[Step-by-Step] Producers’ total revenue will increase if Income")
[Step-by-Step] Producers’ total revenue will increase if Income
(Step-by-Step) Dean spends all his income on movies and soda.
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