Because the minimum wage is not indexed to inflation, when there is inflation thenominal minimum wage. and the real minimum wage A. remains constant; remains constant B. None of the above OC. increases; decreases OD. remains constant; decreases OE decreases; remains constant
Because the minimum wage is not indexed to inflation, when there is inflation thenominal minimum wage. and the real minimum wage A. remains constant; remains constant B. None of the above OC. increases; decreases OD. remains constant; decreases OE decreases; remains constant
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Because the minimum wage is not indexed to inflation, when there is inflation thenominal minimum wage.
and the real minimum wage.
A. remains constant; remains constant
B. None of the above
OC. increases; decreases
D. remains constant; decreases
OE. decreases; remains constant](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6221a5c0-eeb7-41ad-9e15-53e0450c163f%2Fdf72f3f2-24da-4866-b556-2d56a3290d5b%2Fd51v3ed_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Because the minimum wage is not indexed to inflation, when there is inflation thenominal minimum wage.
and the real minimum wage.
A. remains constant; remains constant
B. None of the above
OC. increases; decreases
D. remains constant; decreases
OE. decreases; remains constant
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