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