If we look at the nominal versus real wage rates paid to American presidents over time,we find that
A) the real wage rate has steadily increased to $400,000 per year.
B) George W.Bush is the highest paid according to real wage rates.
C) George Washington was paid a higher real wage rate than Bill Clinton.
D) George W.Bush's nominal wage is about equal to the average nominal wage paid all presidents.
E) the nominal wage has increased and decreased at different times because of inflation.
Correct Answer:
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