-Figure 11.4 "Average Hourly Earnings of U.S. Workers in Current and Constant Dollars" shows the actual average hourly income of Americans from 1970 to 2007 compared to what the hourly income would be if expressed in constant dollars. What conclusions can be drawn from the discrepancies in the "current dollar" and "constant dollar"?

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-Figure 11.4 "Average Hourly Earnings of U.S. Workers in Current and Constant Dollars" shows the actual average hourly income of Americans from 1970 to 2007 compared to what the hourly income would be if expressed in constant dollars. What conclusions can be drawn from the discrepancies in the "current dollar" and "constant dollar"?