Because the minimum wage is not indexed to inflation, when there is inflation thenominal minimum wage. and the real minimum wage A. remains constant; remains constant B. None of the above OC. increases; decreases OD. remains constant; decreases OE decreases; remains constant

Because the minimum wage is not indexed to inflation, when there is inflation thenominal minimum wage. and the real minimum wage A. remains constant; remains constant B. None of the above OC. increases; decreases OD. remains constant; decreases OE decreases; remains constant

Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781305971509

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Unemployment

Section: Chapter Questions

Problem 4CQQ

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Question

Because the minimum wage is not indexed to inflation, when there is inflation thenominal minimum wage.
and the real minimum wage.
A. remains constant; remains constant
B. None of the above
OC. increases; decreases
D. remains constant; decreases
OE. decreases; remains constant

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