After increasing from $5.15 in 2007 to $7.25 in 2009, the inflation-adjusted minimum wage
A)was still at its lowest level in history.
B)was at its long term historical average level.
C)was at its all-time highest level.
D)was sufficient to keep a family of four out of poverty.

Question

Quizplus · Accepted Answer

The question specifies that the minimum wage increased from $5.15 in 2007 to $7.25 in 2009. When adjusted for inflation, this increase would not have resulted in the all-time highest level of the minimum wage, nor would it have been sufficient to keep a family of four out of poverty. However, it would have brought the minimum wage closer to its long-term historical average level. Therefore, choice B is the best answer.

After Increasing from $5