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Inflation and Stagflation (continued)

Question 9 • 26-27 Ignite Economics-KY-Economics

In 2009, the minimum wage reached about an hour.

Answer
A
$5
B
$6
C
$7

Explanation

The U.S. federal minimum wage rose to $7.25 per hour in July 2009. Rounded to the nearest dollar, that is about $7 per hour, so the correct choice is $7.

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