The Value of the Minimum Wage Declines If It Is

question 79

Multiple Choice

The value of the minimum wage declines if it is not raised periodically because

• A)federal income taxes inevitably become more regressive over time.
• B)federal income taxes inevitably become more progressive over time.
• C)the minimum wage is not indexed to inflation.
• D)the minimum wage is indexed to inflation.

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Definitions:

Bill Of Rights

The first ten amendments to the United States Constitution, guaranteeing essential rights and freedoms to American citizens.

Federal Government

The national government of a federal country, which holds the authority to govern aspects that concern the country as a whole, separate from state or local governments.

State Governments

The governments of individual states within a federal system, responsible for local governance according to state laws.

Second Amendment

The Second Amendment to the U.S. Constitution protects the right of the people to keep and bear arms.