The real minimum wage rate A) has generally decreased during ...

[asan beg]

The real minimum wage rate
 
  A) has generally decreased during the 1970s and 1980s and has fluctuated around a 6.50 per hour average since the mid-1980s.
  B) has stayed in the range between 6 and 5 (measured in 2009 dollars per hour) since 1967.
  C) fell after 1967 until it reached a minimum around 1985 and has generally risen since then.
  D) was at its highest level in 1995.
  E) has generally increased since 1967.

Question 2

If the quantity of money demanded is greater than the quantity supplied, then in the short run the
 
  A) demand for financial assets increases.
  B) price of financial assets rises.
  C) nominal interest rate rises.
  D) nominal interest rate falls.
  E) price level rises.

[cpetit11]

Answer to Question 1

A

Answer to Question 2

C

[asan beg]

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[cpetit11]

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