UKCustomPapers | Economic growth. money. and the business cycle. - UKCustomPapers

Economic growth. money. and the business cycle.

Which statement below is FALSE?
O B An analysis of the impact of the minimum wage law on the market for unskilled labor in the Bay Area is principally a topic in macroeconomics.
• C Macroeconomics looks at topics like economic growth. money. and the business cycle.
O A An analysis of how rent control affects the availability of apartments to rent in San Francisco is principally a topic in microeconomics.
Question 2 1 pts
Question 2 tests your understanding of positive and normative statements in economics.
Which statement below is unambiguously normative?
O B People would choose to work more hours if the government cut taxes.
• C The federal government should cut taxes so people are left with more money to spend.
O A People wouldn’t have to work so many hours if the government cut taxes.

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