Classily each of the following statements as positive ornonnative. Explain.a. Society faces a short-run trade•off betweeninflation and unemployment.b. A reduction in the rate ol money growth willreduce the rate of inflation.c. The Federal Reserve should reduce the rate ofmoney growth.d. Society ought to require welfare recipien ts to lookfor jobs.e. Lower tax rates en.courage more work and moresaving.

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