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Refer to Scenario 1.1 below to answer the questions thatfellow. SCENARIO 1.1: An Micro 3:: Macro Economicsomist wants to understand the relationship between minimum wages

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Refer to Scenario 1.1 below to answer the questions thatfellow. SCENARIO 1.1: An Micro 3:: Macro Economicsomist wants to understand the relationship between minimum wages and. the levelof teenage unemployment. The Micro 8.: Macro Economicsomist collects data on the values of the minimum wage and the levels of teenage unemployment over time. The Micro 8: Macro Economicsomist concludes that a 1% increase in minimum wage causes a {3.2% increase in teenage unemployment. From this information he concludes that the minimum wage is harmful to teenagers and should be reduced or eliminated to increase employment among teenagers. 13} Refer to Scenario 1.1. The statement that a 1% increase in the minimum wage causes a 0.2% increase in teenage unemployment is an example of A) descriptive Micro 3: Macro Economicss. B) normative Micro 8: Macro Economicss. C) positive Micro 8: Macro Economicss. D} Marxist Micro a

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