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11:45 PM Fri Sep 18 93% Back BUSN 202_Assignment 2.docx 4. State whether it is positive statement or a normative statement and give reasoning. a. The statement that society faces a short-run trade-off between inflation and unemployment. b. The statement that a reduction in the rate of money growth will reduce the rate of inflation. C. The statement that the Federal Reserve should reduce the rate of money growth. d. The statement that society ought to require welfare recipients to look for job. e. The statement that lower tax rates encourage more work and more saving 5. Draw a graph and show and define a surplus and a shortage _ Dashboard 888 Calendar To Do Notifications Inbox11:43 PM Fri Sep 18 94% Back BUSN 202_Assignment 2.docx 1 . The figure 6 below shows a production possibilities frontier between guns and butter. Quantity of Guns Produced H A . B D Quantity of Butter Produced a. Which point is impossible for the economy to achieve and why? b . Which points is feasible but inefficient and why? c. Which points are efficient and why? _ Dashboard 888 Calendar To Do Notifications Inbox