In 2018, the minimum wage was $7.25.Which of the following statements are correct?

Question 28 options:

A)

The purchasing power of the minimum wage has increased since 2005.

B)

The purchasing power of the minimum wage has decreased since 2005.

C)

The purchasing power of the minimum wage has not changed since 2005.

D)

One cannot say whether the purchasing power of the minimum wage has increased or decreased since 2005.