Multiple Choice
Which of the following statements about the minimum wage is true?
A) The minimum wage has not had any impact on income inequality.
B) Adjusting for inflation, the real minimum wage has fallen in the last 30 years.
C) Because the minimum wage has been increased many times in the last 30 years, income inequality is now lower than it was in the mid-20th century.
D) The minimum wage tends to create inflation, which benefits the wealthy more than the poor.
Correct Answer:
Verified
Correct Answer:
Verified
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