Which statement is true? a) The federal minimum wage has ensured that virtually everyone employed full-time earns

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Which statement is true?

a) The federal minimum wage has ensured that virtually everyone employed full-time earns enough to support a family above the poverty line.

b) The federal minimum hourly wage rate was raised to $7.25 in 2009.

c) The federal minimum wage rate is raised each year to keep up with the rate of inflation.

d) The federal minimum wage was last raised in 2003.

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Mar 01, 2024 11:00 PM

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Which statement is true? a) The federal minimum wage has ensured that virtually everyone employed full-time earns

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The true statement among the options provided is b The federal minimum hourly wage rate was raised ...View the full answer

Microeconomics

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