The statement "high inflation rates are a much more serious economic problem than high unemployment rates" made by the president is an example of a normative statement, or a statement based on personal opinion or values. The statement reflects the president's perspective and prioritization of economic issues rather than being based on an empirically proven fact. It is not necessarily an irrational argument, but it is subjective and open to debate.
The statement made by the president is an example of a normative statement. This is because it expresses an opinion or value judgment rather than a verifiable fact. Normative statements are subjective and are based on personal beliefs, preferences, or ideologies. In contrast, empirically proven facts are statements that can be verified or tested through observation or evidence. An irrational argument would involve logical fallacies or lack coherence, which is not applicable to this statement.
