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THE MINIMUM WAGE DEBATE

Across
a contraction in the supply of circulated money within an economy, and therefore the opposite of inflation
This city conducted an experiment to test raising the minimum wage to $15.
The annual percentage change in ___ is how we measure inflation in the economy
sustained increase in the general price level of goods and services in an economy over a period of time
is the set quantities that a typical household purchases
Another name for deflation
A _____ in CPI = deflation
Down
measures the changes in price level of a “market basket” of consumer goods and services purchased by households
The last name of the president who implemented the Fair Labor Standards Act
The inflation _____ the percentage increase in the price of goods per year
A _____ in CPI = Inflation