Which of the following statements most likely lies within the realm of microeconomics?

Which of the following statements most likely lies within the realm of microeconomics?

Which of the following statements most likely lies within the realm of microeconomics?

Options

A) Unemployment rises during a recession and falls during an expansion.
B) An increase in government spending will increase the aggregate demand for goods and services in the economy.
C) A rapid acceleration of the supply of money may create inflation.
D) An increase in labor costs will increase the additional cost of producing another bus.

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Positive and Normative Economics – Major Differences | Microeconomics

Positive and Normative Economics

Positive and Normative Economics

We all know that the term economics is defined as a social science. There has been a discussion about this term whether it is called a normative science or a positive science. But the debate ended with the conclusion that it is both positive and normative science. Economics not only tells us about the happening of certain things but also says whether it is the right thing to happen or not.  

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