1 Which Factor Of Production Is Least Mobile 2 Are The Following Positive Or Normati 2625059

1. Which factor of production is least mobile?

2. Are the following positive or normative statements?

    (a) Raising unemployment should cut the rate of inflation.

    (b) Policies to reduce unemployment should favor the young rather than the old.

3.  At what points of the business cycle are points A, B, C in Figure 1.2?

 

 

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