How has the real federal minimum wage rate changed? The real federal minimum wage rate _____. A. was higher in 2009 than it was in 1968 B. was lower in 2009 than it was in 1968 C. increases every year. D. decreases every year
How has the real federal minimum wage rate changed? The real federal minimum wage rate _____. A. was higher in 2009 than it was in 1968 B. was lower in 2009 than it was in 1968 C. increases every year. D. decreases every year
Chapter1: Making Economics Decisions
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How has the real federal minimum wage rate changed? The real federal minimum wage rate _____.
A. was higher in 2009 than it was in 1968
B. was lower in 2009 than it was in 1968
C. increases every year.
D. decreases every year
Expert Solution
Step 1
When talking about the real federal minimum wage rate, it can be said that it is the minimum level of wage rate set by the government and this is the real amount of money after adjusting the impact of inflation.
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