Is the following a positive or normative statement? The federal minimum wage is lower than many state minimum wages

The appropriate "medicine" for correcting payments imbalances under a fixed exchange rate system is

a. inflation for deficit countries and recessions for surplus countries. b. no change for surplus countries, tax cuts for deficit countries. c. inflation for surplus countries and recessions for deficit countries. d. sales of gold for deficit countries and revaluations for surplus countries.

Refer to the graph shown. If a firm expected to produce 300 units when it built its plant but now desires to expand its output to 500 units in the short run, it will use the plant size represented by:

A. SATC1. B. SATC2. C. SATC3. D. SATC4.