级宏观课件2宏观经济的衡量.pptVIP

* * * * * * * * * * DISCLAIMER: The material on this slide is not supported with test bank or study guide questions. The sawtooth pattern of the real minimum wage series arises because the nominal minimum wage is raised, then remains constant until it’s raised again. During the time between minimum wage hikes, inflation erodes the purchasing power of the minimum wage. The long-run trend in the real minimum wage: Rising during the 1960s, then begins a long, slow fall from the 1970s to the mid-2000s. A series of increases in the late 2000s lift the real minimum wage. But, as of Decembe