Classify each of the following statements as positive or normative. Provide a one-sentence explanation. (1.5 points; 0.3 points per question)

Question #1(b) score: (- = + /1.5

1. Every nation faces a trade-off between inflation and unemployment. (-

Answer:

1. An increase in the rate of growth of money benefits the poor. (-

Answer:

1. The Federal Reserve (the U.S. Central Bank) ought to refrain from raising interest rates until 2022. (-

Answer:

1. The $300 unemployment-insurance add-on reduces work effort. (-

Answer:

1. Too many workers have lost their jobs during the pandemic. (-

Answer: