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'Positive Economics' says that rise in minimum wage will lead to the rise in unemployment. However, 'Normative Economics' takes a different position on this problem.
'Positive Economics' says that rise in minimum wage will lead to the rise in unemployment. However, 'Normative Economics' takes a different position on this problem. Consider yourself as a follower of 'Normative Economics', what would be your argument about this problem.
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