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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 42
Which job would pay the highest real wages over the last 20 years? One that paid ___.
A) twice the minimum wage rate
B) a fixed wage of $10 an hour
C) a starting hourly wage of $10 with raises adjusted to the Consumer Price Index
D) exactly the real average hourly wage rate in 1982 dollars
A) twice the minimum wage rate
B) a fixed wage of $10 an hour
C) a starting hourly wage of $10 with raises adjusted to the Consumer Price Index
D) exactly the real average hourly wage rate in 1982 dollars
Explanation
Verified
Verified
Hence, the options a), b) and d) are inc...
Microeconomics 9th Edition by Stephen Slavin
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