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Author Question: Refer to the table above. What happened to the real value of the minimum wage between 1974 and 2011? ... (Read 93 times)

xclash

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on: Jun 30, 2018
Refer to the table above. What happened to the real value of the minimum wage between 1974 and 2011?
 
  A) It decreased.
  B) It remained the same.
  C) It increased.
  D) It could not be determined from the given information.

Question 2

The Lucas Wedge is estimated to
 
  A) total over 406,000 per person as a result of the slowdown in the growth rate of real GDP.
  B) be positive in some years and negative in others.
  C) be about 2 percent of real GDP per year.
  D) be negative due to the severe recession in 2008-2009.
  E) have reached about 13,000 per person in the last year.


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Melissahxx

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


xclash

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Reply #2 on: Jun 30, 2018
Thank you :)


Melissahxx

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Reply #3 on: Jun 30, 2018
Happy to help you


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