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Satsume Satsume
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6 years ago
Suppose we expect consumer prices to increase by about 30 percent between 2010 and 2020, and the minimum wage was $7.25 per hour in 2010.  What should be the minimum wage in 2020 if it is set to maintain the same purchasing power as in 2010? 
A) $7.25
B) $7.55
C) $9.42
D) none of the above.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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Bart_argBart_arg
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6 years ago
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