Which of the following is a positive macroeconomics statement? Question 8 options: The central bank should increase the nation's money supply. The increase in the nation's money supply helped push the nation's unemployment rate down in the short run. Ford Motor Company's new advertising campaign ended up hurting General Motors' sales. The local government ought to spend more on recreational facilities.

Macroeconomics is a branch of economics that studies the economy as a whole. Macroeconomics studies economic aggregates such as inflation, unemployment, GDP and growth rate.

Microeconomics is a branch of economics that studies the decisions individuals and firms make in response to changes in economic factors. These factors include price, resources etc. it studies how firms and individuals allocate and make decisions about resources

Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.

For example, the effect of an expansionary monetary policy on unemployment can be tested

Normative economics is based value judgements, opinions and perspectives. For example, the statement - The local government ought to spend more on recreational facilities - is an opinion.