Access the Discovering Data exercise for Chapter 14 Problem 5 online to answer the following questions. a.

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Access the Discovering Data exercise for Chapter 14 Problem 5 online to answer the following questions.

a. What is the current federal minimum wage?

b. In what year was the federal minimum wage last increased?

c. What is the current value for the real minimum wage?

d. In what year was the real minimum wage the highest? The lowest?

e. In general, since 1970, how has the purchasing power of the minimum wage changed over time?

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Essentials Of Economics

ISBN: 9781319221317

5th Edition

Authors: Paul Krugman, Robin Wells

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