Because the minimum wage is not indexed to inflation, when there is inflation the nominal minimum wage ________, and the real minimum wage ________.
A. decreases; remains constant
B. increases; decreases
C. remains constant; remains constant
D. remains constant; decreases
Answer: D
Economics
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A nation joining a currency union must subject itself to the ______ policies of the union, which may or may not conform to its own objectives or economic or political values.
A) fiscal B) economic C) monetary D) accounting
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