Q1/ Go to the FRED economic database (https://fred.stlouisfed.org/) and search for "State

Minimum Wage Rate for Illinois" and "State Minimum Wage Rate for Missouri".

a.

In 2012, what was the state's min wage rate for Missouri &

Illinois?

Illinois-8.25

missouri-7.25

b.

In 2023-Jan, what was the state's min wage rate for Missouri & Illinois?

Illinois-13.00

missouri-12.00

c.

What is the difference between both years telling you? Illustrate the results.

d.

Now, add the line "State min wage rate for Michigan" to your state min wage rate of

Missouri graph. Are there years the min wage equal? If yes write down which years.

NOTE/ Provide your answer with two pictures of the graph, showing the state min wage rate for

Missouri & Michigan in 2000 and 2024. Both graphs should be "Annual, Dollars per Hour, Not

Seasonally Adjusted." Start from 1991-01-01 to 2024-01-01.