At $7.25 per hour the 2016 inflation adjusted minimum wage was A) nearing a 50-y

Question

At $7.25 per hour the 2016 inflation adjusted minimum wage was A) nearing a 50-year low. B) at an all-time high. C) nearits historical average. D) statutorily constant. 5. At $5.15 per hour the 2007 inflation adjusted minimum wage was A) nearing a 50-year low. B) at an all-time high. C) slightly above the historical average. D) statutorily constant. 6. To get to its inflation adjusted all-time high, the minimum wage in 2016 would have to be at least A) $5.50. B) $11.00. C) $14.00. D) $20.00. 7. The longest period of time where the minimum wage remained constant in nominal terms was during A) the Reagan Administration. B) the Bush (George Herbert Walker) Administration. C) the Clinton Administration. D) the Eisenhower Administration. 8.

Explanation / Answer

5. D) statu torily constant

6. A) nearing a 50 year low

7. C) $20.00

8. A) the Reagan Administration (for around 9 years, 3.5)

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