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Standard step to make a new economic theory

A standard step while making a new economic theory is to: (w) properly blend normative and positive perspectives. (x) physically test this in an economics laboratory. (y) see when this predicts behavior in a consistent way. (z) make sure that this conforms to common sense.

I need a good answer on the topic of Economic problems. Please give me your suggestion for the same by using above options.

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