Categorize each of the following conclusions as being the result of positive or

Question

Categorize each of the following conclusions as being the result of positive or normative analysis: a. Minimum wage create unemployment among young unskilled workers. b. If the price of a product in a market decreases, with other things being equal, the quantity demanded will increase. c. A little bit of inflation is worse for society than a little bit of unemployment. d. Income distribution in the United States is not equitable. e. Health care subsidies will increase the consumption of health care. f. If unemployment benefit were reduced, the country would be better off.

Explanation / Answer

c. A little bit of inflation is worse for society than a little bit of unemployment

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