Jane is currently developing a model to explain the national unemployment rate. This is an example of
A) a microeconomic topic.
B) normative analysis.
C) positive analysis.
D) how people act in an irrational manner.
Question 2
An increase in the money supply typically leads to
A) a reduction in the rate of interest.
B) a decrease in the price level.
C) a reduction in the velocity of money.
D) an inward shift in money demand.