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Economic analysis of minimum wage

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The economic analysis of minimum wage involves both normative and positive analysis. Consider the following consequences of a minimum? wage:

a. The minimum wage law causes unemployment.

b. Unemployment would be lower without a minimum wage law.

c. Minimum wage laws benefit some workers and harm others.

d. The minimum wage should be more than? $7.25 per hour.

Which of the consequences above are positive statements and which are normative? statements?

Reference no: EM131853125

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