What’s the deal with the minimum wage?
Background and Pedagogical Rationale: This assignment emphasizes precise thinking and language. Students are often insensitive to or unaware of the distinction often made between “nominal” and “real” values: For instance, the distinction between “nominal” and “real” Gross Domestic Product (GDP) or, likewise, between “nominal” and “real” wages. In order to receive a good grade on this assignment, students need to be sensitive to –and be […]