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Economics (AS & A Level) · Oct / Nov 2024 · Paper 11 · Question 1

9708Economic methodology

Which statement is a normative statement?

  1. AThe annual rate of inflation in Malaysia increased from 2.8% in May 2022 to 3.4%.
  2. BThe annual rate of inflation was 3.4% in Malaysia, lower than the 7.7% annual rate of inflation for Thailand.
  3. CThe Malaysian Central Bank raised interest rates from 2.0% to 2.25% on 6 July 2022.
  4. DThe rise in interest rates in Malaysia in July 2022 is expected to only have a small impact on the rate of inflation.

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Correct answer: D. The rise in interest rates in Malaysia in July 2022 is expected to only have a small impact on the rate of inflation.

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