Refer to the information provided in Table 31.2 below to answer the question(s) that follow.Table 31.2PeriodQuantity of Labor (L)Quantity of Capital (K)Total Output (Y)1  50  50  2002  50  60  2153  50  70  2254  50  80  230Refer to Table 31.2. When moving from Period 1 to Period 4, output per capital

Positive analysis is concerned with "what ought to be," while normative analysis is concerned with "what is."

Indicate whether the statement is true or false

Wall Street bankers opposed the Second Bank of the United States. Their opposition was based on the idea that the Second Bank

a. lent too freely to the federal government. b. followed a monetary policy that favored stable prices even at the cost of a slower growing economy. c. followed a monetary policy that kept interest rates too high. d. favored Philadelphia because that was where the head office of the bank was located.